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Cook Contractors is a general construction company with a wide variety of projects. Budgeted and actual (to date) results (in thousands of dollars) for a
Cook Contractors is a general construction company with a wide variety of projects. Budgeted and actual (to date) results (in thousands of dollars) for a building project follow.
Budget | Actual | |||||||||||||
Month | Cost | %Complete | Cost | %Complete | ||||||||||
0 | $ | 0 | 0.0 | % | $ | 0 | 0.0 | % | ||||||
1 | $ | 820 | 2.8 | % | $ | 1,010 | 2.5 | % | ||||||
2 | $ | 1,640 | 5.6 | % | $ | 1,720 | 5.5 | % | ||||||
3 | $ | 2,460 | 8.4 | % | $ | 2,390 | 7.2 | % | ||||||
4 | $ | 3,280 | 11.2 | % | $ | 3,300 | 10.9 | % | ||||||
5 | $ | 4,100 | 14.0 | % | $ | 4,150 | 13.5 | % | ||||||
6 | $ | 4,920 | 16.8 | % | $ | 5,050 | 17.0 | % | ||||||
7 | $ | 5,740 | 19.6 | % | $ | 5,800 | 19.5 | % | ||||||
8 | $ | 6,560 | 22.4 | % | $ | 6,640 | 21.8 | % | ||||||
9 | $ | 7,380 | 25.2 | % | $ | 7,870 | 23.5 | % | ||||||
10 | $ | 8,200 | 28.0 | % | $ | 8,410 | 24.9 | % | ||||||
11 | $ | 9,020 | 30.8 | % | $ | 9,390 | 25.0 | % | ||||||
12 | $ | 9,840 | 33.6 | % | $ | 10,010 | 28.0 | % | ||||||
13 | $ | 10,660 | 36.4 | % | ||||||||||
14 | $ | 11,480 | 39.2 | % | ||||||||||
15 | $ | 12,300 | 42.0 | % | ||||||||||
16 | $ | 13,120 | 45.2 | % | ||||||||||
17 | $ | 13,940 | 48.4 | % | ||||||||||
18 | $ | 14,760 | 51.6 | % | ||||||||||
19 | $ | 15,580 | 54.8 | % | ||||||||||
20 | $ | 16,400 | 58.0 | % | ||||||||||
21 | $ | 17,220 | 61.2 | % | ||||||||||
22 | $ | 18,040 | 64.4 | % | ||||||||||
23 | $ | 18,860 | 67.6 | % | ||||||||||
24 | $ | 19,680 | 70.8 | % | ||||||||||
25 | $ | 20,500 | 74.0 | % | ||||||||||
26 | $ | 21,320 | 79.2 | % | ||||||||||
27 | $ | 22,140 | 84.4 | % | ||||||||||
28 | $ | 22,960 | 89.6 | % | ||||||||||
29 | $ | 23,780 | 94.8 | % | ||||||||||
30 | $ | 24,600 | 100.0 | % | ||||||||||
Required:
a. At this time, what is the current cost over (under) run on the project? (Enter your answer in dollars and not in thousands of dollars.)
b. At this time, by how far ahead or behind schedule is the project in terms of percentage of completion? (Round your answer to 1 decimal place.)
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