Buchon Barn:

You also have a $765,758 fixed-price contract for excavation and foundation construction with the owners of the Buchon Barn. Your original estimate for this job is $260,206 for the excavation and $373,954 for the foundation. There is already a change order with a price of $24,517 for the excavation (adds $22,749 to change order cost).

You have charged the excavation work with $185 hours @ $102/hr for use of a 430E backhoe/loader, $123,931 for labor, and have bought $49,085 of lagging. You have a cost-plus subcontract to place soldier-pile retaining walls in the excavation and have already received a $33,570 invoice. Your estimated cost to complete the excavation is $68,966.

You have charged the foundation work with $1,136 for the use of a compressor and $36,773 for labor. Your estimated cost to complete the foundation is $344,894.

You have submitted a $308,208 progress payment bill to the owners.

State the variances, costs and profit in excess of billings, billings in excess of costs and profit, and percentage complete, as follows:

1. Variance of Buchon Barn Foundation & Excavation?

2. Costs and Profits in Excess of billings for Bunchon Barn?

3. Billings in excess of Costs and Profit for Buchon Barn?

4. Percentage complete for Bunchon Barn?

5. Total Percentage Complete?

Thank you very much.