Variance and Earned Value
The purpose of this assignment is to help you to understand how to record material cost using earned value.
Review Chapter 15 and research the necessary components for recording material costs using Earned Value Measurement. Using the textbook and the Internet (https://smallbusiness.chron.com/labor-cost-vs-material-cost-11368.html), write an essay that explains the components between Material and Labor cost for control purposes. Include a discussion about the importance of recording material costs using Earned Value Measurement.
Your essay should be 2 pages and should include scholarly resources, available from the CSU-Global library as well as scholarly, online resources to support your assertions. CSU-Global Guide to Writing and APA Requirements are required. Include a title and a reference page that includes at least three outside references (not including your textbook) to support your thinking.