A contractor planned 1,000 m³ of concrete at 12,000 ETB/m³. Actual quantity placed was 1,100 m³ at an actual cost of 14,000 ETB/m³. What is the cost variance (CV)?
Anonymous Quiz
A) -3,400,000 ETB
B) -2,200,000 ETB
C) -1,800,000 ETB
D) -1,200,000 ETB
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12,000x1,000 - (14,000x1,100) = - 3,400,000