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After promising to bake 1000 cookies for the school fair tomorrow, your partner has curiously fallen ill at the last minute.
With a ‘here-we-go-again’ sigh, you estimate that you can make 5 batches of 40 cookies every hour, at a cost of $0.05 per cookie.
At the end of the first hour, you have made 150 edible cookies (some were burnt and had to be thrown away; others were ‘sampled’ by a partner who isn’t too sick to eat cookies).
You used $9.00 worth of ingredients.
What is the actual cost of this project at the end of the first hour?
After promising to bake 1000 cookies for the school fair tomorrow, your partner has curiously fallen ill at the last minute.
With a ‘here-we-go-again’ sigh, you estimate that you can make 5 batches of 40 cookies every hour, at a cost of $0.05 per cookie.
At the end of the first hour, you have made 150 edible cookies (some were burnt and had to be thrown away; others were ‘sampled’ by a partner who isn’t too sick to eat cookies).
You used $9.00 worth of ingredients.
What is the planned value of this project at the end of the first hour?
After promising to bake 1000 cookies for the school fair tomorrow, your partner has curiously fallen ill at the last minute.
With a ‘here-we-go-again’ sigh, you estimate that you can make 5 batches of 40 cookies every hour, at a cost of $0.05 per cookie.
At the end of the first hour, you have made 150 edible cookies (some were burnt and had to be thrown away; others were ‘sampled’ by a partner who isn’t too sick to eat cookies).
You used $9.00 worth of ingredients.
What is the earned value of this project at the end of the first hour?