You are managing a construction project to install new door frames in an office building. You planned on spending $12,500 on the project,

?

Question

but your costs are higher than expected, and now you're afraid that your project is spending too much money. What number tells you the difference between the amount of money you planned on spending and what you've actually spent so far on
the project?
A. AC
B. CV
C. VAC
D. SV

Muhammad Farooq · Answer

Answer: BExplanation: The cost variance (CV) is the difference between the amount of money you planned on spending and the total that you've spent so far. This should make sense - if your CV is negative, it means that you've blown your budget.

Nooh Iga · Answer

B. i.e Cost Variance (CV) which is the difference between your actual expenditure and planned Expenditure.

hisham abu dagga · Answer

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You are managing a construction project to install new door frames in an office building. You planned on spending $12,500 on the project, ?

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