Boeing Company manufactures aircraft using job costing. In June 2037, the company incurs $500,000,000 in direct costs and $250,000,000 in overhead for a new aircraft model. The project is expected to last 4 years.

Requirements:

• Allocate overhead costs using activity-based costing.
• Prepare a budget for the entire project.
• Perform a cost variance analysis at the end of each year.
• Forecast the remaining costs to complete the project.
• Provide recommendations for cost control and budget adherence.