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A project has a contract price of $3,797,622. The cost to date is $1,097,162 and the estimated cost to complete is $2,24
Posted: Mon May 16, 2022 12:26 pm
by answerhappygod
- A Project Has A Contract Price Of 3 797 622 The Cost To Date Is 1 097 162 And The Estimated Cost To Complete Is 2 24 1 (60.22 KiB) Viewed 54 times
A project has a contract price of $3,797,622. The cost to date is $1,097,162 and the estimated cost to complete is $2,240,874. Based on this information, calculate the total gross profit recognized to date. Report your answer to the nearest dollar 166,081 151,059 margin of error +/- 5 Find the percent complete based on cost to date and re-estimated cost to complete. Find the estimated profit at completion based on the contract amount and the cost to date plus cost to complete. Use that percentage of the estimated profit at completion.