Actual Cost (AC) is __________
A) how much we actually spent for work completed
B) how much we budgeted to spend at the beginning of the project
C) how much of the budget we have left to spend on the project
D) how much of the budget we really should have spent on the work completed so far
E) None of these

Question

Quizplus · Accepted Answer

Actual Cost refers to the actual amount spent on work completed, which may differ from the budgeted amounts. Therefore, option A is the correct choice. B, C, D, and E are incorrect as they do not accurately define Actual Cost.

Actual Cost (AC) Is __________