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Baker has entered into a fixed price contract. The total bid was 762,000 that included a profit of 94,000. At approximately the 76% level of
Baker has entered into a fixed price contract. The total bid was 762,000 that included a profit of 94,000. At approximately the 76% level of completion, the CEV was 482,000 and the CAC was 518,000. Using the method for predicting the FCAC based on the history to date on costs will continue, what is the estimated profit now based on these performance measures? What is the estimated profit using the method for predicting the FCAC based on future work proceeding as budgeted?
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