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If the cost variance is positive and the schedule variance is also positive, then it indicates that …

<p>       a) Project is under budget and behind schedule</p> <p>       b)   Project is over budget and behind schedule</p> <p>       c) Project is under budget and ahead of schedule</p> <p>     d) Project is over budget and ahead of schedule</p>

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تم إضافة السؤال من قبل Rifat Qumar , Assistant Front Office Manager , Pearl Park Hotel
تاريخ النشر: 2014/12/15
Lesley Lanag CMA CPA
من قبل Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

C. Project is under budget and ahead of schedule

Favorable cost variance means the actual costs incurred is less than the budget, while positive schedule variance would mean that the project is going ahead of schedule/timeline.

NOTE: I am assuming "POSITIVE" is taken literally as favorable. Because unlike in most of managerial accounting books, they would present computation of cost variance as Actual less Budget. If it resulted to positive variance, it means it is unfavorable variance. If this is the case, the answer would be different.

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

 The Correct answer is 

(A) Project is under budget and behind schedule.

Basit Ali
من قبل Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

 a) Project is under budget and behind schedule

MALIIK SOHAIL ABBAS
من قبل MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

in my point of view

 c) Project is under budget and ahead of schedule

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Answer C is correct

Alaa Gharieb Ahmed Ahmed Abou-Eita
من قبل Alaa Gharieb Ahmed Ahmed Abou-Eita , Finance & Administrative Manager , Arab Media Investments Company

D

It depends on which standards are we following?

- Based on PM standards, answer "C" is correct

- Based on finance/accounting standards, answer "B" is correct

Khurrum Iqbal
من قبل Khurrum Iqbal , Accountant , Akun Logistic Services

C) Project is under budgeted and ahead of schedule

 

Negative means: Over budgeted (>) in terms of Cost and behind (<) in terms of Schedule (time,{t})

Positive means: Under budgeted (<) in terms of Cost and ahead (>) in terms of Schedule (time,{t}) 

Abdallah Abu Zeyad CMA
من قبل Abdallah Abu Zeyad CMA , Finance Account Manager , Toyota - Abdul Latif Jameel Motors - KSA

C) Project is under budget and ahead of schedule, The Correct Answer.

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

CORRECT answer is C