Hi Friends,

Work is bidded at $10/foot.

work should be completed at 100 feet per day.

Additional work taking 1 dayt is also done costing $500/day.

Work completed after 3 days = 200 feet.

 a.  CV  = 0.

b. overbudget with -ve CV

c. underbudget

d. overbudget with +ve CV

The answer is  'a'. But I am not sure how that is derived.

I hope to learn from you, what is the EV and AC ?

How can you find out  what is the EV and AC ?

Thanks in advance. Hoping to get a prompt reply.