The value of work completed for an activity is determined by which of the following?
A)budgeted cost - actual cost
B)actual cost divided by budgeted cost
C)percentage of work completed multiplied by actual activity cost
D)percentage of work completed multiplied by budgeted activity cost

Question

Quizplus · Accepted Answer

The value of work completed is determined by the percentage of work completed multiplied by the budgeted activity cost. This is because the budgeted activity cost represents the planned cost for that specific activity, and the percentage of work completed reflects how much of that planned cost has been incurred based on the progress made on the activity. Therefore, multiplying these two values provides the most accurate representation of the value of work completed.

The Value of Work Completed for an Activity Is Determined