***I posted this question yesterday but the 1,060 is wrong.

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. Month 0 1 2 in Actual Cost %Complete 0.0% $ 700 5.5% $ 1,160 11.2% $ 1,820 13.4% $ 2,270 21.6% $ 2,810 27.5% $ 3,190 34.0% $ 3,870 36.5% $ 4,200 45.0% $ 4,710 48.8% $ 5,400 53.4% $ 5,920 56.7% $ 6,300 62.3% $ 7,190 70.0% $ 7,600 74.3% $ 8,120 80.0% 00 Budget Cost Complete $ 0 0.0% $ 510 5.0% $ 1,020 10.0% $ 1,530 15.0% $ 2,040 20.0% $ 2,550 25.0% $ 3,060 30.0% $ 3,570 35.0% $ 4,080 40.0% $ 4,590 45.0% $ 5,100 50.0% $ 5,610 55.0% $ 6,120 60.0% $ 6,630 63.3% $ 7,140 66.7% $7,650 70.0% $ 8,160 73.3% $ 8,670 76.7% $ 9,180 80.0% $ 9,690 83.3% $10,200 86.7% $10,710 90.0% $11,220 93.3% $11,730 96.7% $12,240 100.0% 10 11 13 14 15 16 17 18 20 21 22 23 24 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? Answer is complete but not entirely correct. $ Current cost Percentage of completion 1,060 X 10 under budget. ahead of schedule % 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. Month 0 1 2 in Actual Cost %Complete 0.0% $ 700 5.5% $ 1,160 11.2% $ 1,820 13.4% $ 2,270 21.6% $ 2,810 27.5% $ 3,190 34.0% $ 3,870 36.5% $ 4,200 45.0% $ 4,710 48.8% $ 5,400 53.4% $ 5,920 56.7% $ 6,300 62.3% $ 7,190 70.0% $ 7,600 74.3% $ 8,120 80.0% 00 Budget Cost Complete $ 0 0.0% $ 510 5.0% $ 1,020 10.0% $ 1,530 15.0% $ 2,040 20.0% $ 2,550 25.0% $ 3,060 30.0% $ 3,570 35.0% $ 4,080 40.0% $ 4,590 45.0% $ 5,100 50.0% $ 5,610 55.0% $ 6,120 60.0% $ 6,630 63.3% $ 7,140 66.7% $7,650 70.0% $ 8,160 73.3% $ 8,670 76.7% $ 9,180 80.0% $ 9,690 83.3% $10,200 86.7% $10,710 90.0% $11,220 93.3% $11,730 96.7% $12,240 100.0% 10 11 13 14 15 16 17 18 20 21 22 23 24 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? Answer is complete but not entirely correct. $ Current cost Percentage of completion 1,060 X 10 under budget. ahead of schedule %