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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
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.
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?
Month Cost %Complete Cost %Complete 0 $ 0 0.0% 0 0.0% 1 $ 510 5.0% $ 700 5.5% 2 $ 1,020 10.0% $ 1,160 11.2% 3 $ 1,530 15.0% $ 1,820 13.4% 4 $ 2,040 20.0% $ 2,270 21.6% 5 $ 2,550 25.0% $ 2,810 27.5% 6 $ 3,060 30.0% $ 3,190 34.0% 7 $ 3,570 35.0% $ 3,870 36.5% $ 4,080 40.0% $4,200 45.0% 9 $ 4,590 45.0% $ 4,710 48.8% 10 $ 5,100 50.0% $ 5,400 53.4% 11 $ 5,610 55.0% $ 5,920 56.7% 12 $ 6,120 60.0% $ 6,300 62.3% 13 $ 6,630 63.3% $ 7,190 70.0% 14 $ 7,140 $ 7,140 66.7% $ 7,600 74.3% 15 $ 7,650 70.0% $ 8,120 80.0% 16 $ 8,160 $ 8,160 73.3% 17 $ 8,670 76.7% 18 $ 9,180 80.0% 19 $ 9,690 83.3% 20 $10,200 86.7% 21 $10,710 90.0% 22 $11,220 93.3% 23 $11,730 96.7% 24 $12,240 100.0%Step by Step Solution
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