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 (http://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 2-3 pages and should include scholarly resources. Include a title and a reference page that includes at least three outside references and APA format.

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