Software Associates (SA) is a computer software consulting firm that specializes in designing and implementing integrated marketing database warehousing programs. Humphrey Catalog is a client.
In preparing its bid for Humphrey, SA estimates its total labor cost for this project to be $222,500, broken down as follows:

After completing the Humphrey contract, SA reports the following data.

Required:

a. Prepare a performance report for the Humphrey Catalog project.

b. Offer a plausible explanation for SA’s performance on the Humphrey project.

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Partner Associate Senior analyst Analyst Programmer Total Budgeted Hours 100 300 600 1,000 3,000 Budgeted Wage $175 120 90 40 25 Budgeted Cost $ 17,500 36,000 54,000 40,000 75,000 $222,500