Business, 07.11.2019 20:31, jwyapo4

Assume the following: you are a contractor and have just been awarded a greenfield project. a budget has been established to install 20,000ft of pipe at an estimated 15,000 man hours and an estimated billable cost of $700,000. the original schedule planned for 4,000ft of pipe to be installed per day by a 300-man crew working a 10-hour shift (anticipated). the job was scheduled to start in monday and finish on friday. on monday 2,000ft of pipe was installed. on tuesday 3,500 ft of pipe was installed and on wednesday 1,000ft of pipe was installed. actual cumulative man hours incurred to-date is 9,500 hrs. in addition, your crew has installed 1,200ft of pipe and has incurred 2,040 of man hours to-date working on change orders. note: assume that $200,000 has been billed to the client to-date. a. what is the total % complete to-date? b. how many man hours have been earned? c. what is the current earned dollar value of the work in place? d. what is the current performance factor? e. what is the current schedule variance? f. what is the current cost variance? how many man hours are left to be earned? g. how many actual man hours will be incurred in order to earn the remaining man hours? h. what is the current projected eac (estimate at completion) in terms of man hours? i. what is the impact of the change orders on your project schedule? j. how much construction cost is being floated by the contractor? k. what are your suggestions based on the calculated results?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:00, jamesgotqui6

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities ownersâ€™ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 monthsâ€™ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employerâ€™s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Answers: 1

continue

Business, 22.06.2019 10:20, christianconklin22

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

Answers: 3

continue

Business, 22.06.2019 13:40, madisonrparks

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

Answers: 2

continue

Business, 22.06.2019 14:40, annahm3173

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u. s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?

Answers: 3

continue

Do you know the correct answer?

Assume the following: you are a contractor and have just been awarded a greenfield project. a budge...