Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road project along with the actual results (in thousands of dollars) for the last fifteen months.

Requireda. At this time, what is the current cost over (under) run on the project?b. At this time, by how far ahead or behind schedule is the project in terms of percentage of completion?

Transcribed Image Text:

Budget Actual Cost % Complete % Complete 0.0% Month Cost 0.0% $4 $ 700 $ 1,160 $ 1,820 $ 2,270 $ 2,810 $ 3,190 $ 3,870 $ 4,200 $ 4,710 $ 5,400 $ 5,920 $ 6,300 $ 7,190 $ 7,600 $ 8,120 2$ $ 1,020 $ 1,530 $ 2,040 $ 2,550 $ 3,060 $ 3,570 $ 4,080 $ 4,590 $ 5,100 $ 5,610 $ 6,120 $ 6,630 $ 7,140 $ 7,650 $ 8,160 $ 8,670 $ 9,180 $ 9,690 $ 10,200 $ 10,710 $ 11,220 $ 11,730 $ 12,240 510 5.0% 5.5% 4 10.0% 11.2% 15.0% 13.4% 20.0% 25.0% 4 21.6% 27.5% 30.0% 34.0% 10 35.0% 36.5% 45.0% 11 8. 40.0% 12 45.0% 48.8% 13 50.0% 10 53.4% 55.0% 14 11 56.7% 15 12 60.0% 62.3% 63.3% 70.0% 16 13 17 74.3% 66.7% 14 18 15 70.0% 80.0% 16 19 73.3% 17 76.7% 20 80.0% 21 18 19 20 21 22 83.3% 23 86.7% 90.0% 24 22 93.3% 25 26 27 96.7% 23 24 100.0% 28 %24