Determine over- and under-billings for a company with the following information: • Job Number: 318 • Job Name: Mountain
Posted: Wed May 04, 2022 8:08 am
Determine over- and under-billings for a company with the following information: • Job Number: 318 • Job Name: Mountain Peak Office Remodel • Current Contract Amount: $256,852 • Total Estimated Cost at Completion: $225,236 Actual Costs to Date: $202,138 • Total Billed: $252,253 Determine the following by using the table below as a reference 1. Estimated Profit 2. Earned Profit 3. Costs & Earned Profit 4. Costs & Profits in Excess of Billings 5. Billings in Excess of Costs & Profits 6. Percent Complete