Moira Crofton has collected the following data from her constituent project, Raiding Coffins: BAC = $8,000; PV = $4,500; EV = $9,000; and CV = - $300. How much money has actually been spent on project Raiding Coffins?
A)$8,700
B)$9,300
C)$4,800
D)$8,300

Question

Quizplus · Accepted Answer

$9,300 has actually been spent on project Raiding Coffins.
Key Takeaway: Actual cost is calculated with the following formula: CV = EV - AC => AC = EV - CV
Therefore, AC = $9,000 - (-$300 ) = $9,000 + $300 = $9,300.

Moira Crofton Has Collected the Following Data from Her Constituent