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Using the following information for a project, prepare a work in progress schedule to answer the questions that follow Contract Amount: $858,750 Original Estimated
Using the following information for a project, prepare a work in progress schedule to answer the questions that follow Contract Amount: $858,750 Original Estimated Cost: $815,000 Billed to Date: $295,000 Payments Received to Date: $265,500 Cost incurred to Date: $250,000 Estimated Cost to Complete: $575,000 Cost Paid to Date: $180,000 Provide Answers to the following questions. Round all dollar answers to the nearest whole dollar (i.e. $215,850) and round all percentages to the nearest hundredth (i.e. 15.24%) Current Re-estimated Total Cost: Estimated Gross Profit at Completion: Percentage of Completion: Total Gross Profit (Loss) to Date: Amount Earned to Date: Over Billings: Under Billings: Remaining Billings: Job Borrow:
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