Question: Create a spreadsheet to solve Problem 4. Determine over- and underbillings for a company with the following information: Job Number: 311 Job Name: Smith Remodel

Create a spreadsheet to solve Problem 4.

Determine over- and underbillings for a company with the following information:

Job Number: 311

Job Name: Smith Remodel

Current Contract Amount: $22,530

Total Estimated Cost at Completion: $17,264

Actual Costs to Date: $16,538

Total Billed: $21,000

Job Number: 316

Job Name: Redd Remodel

Current Contract Amount: $35,624

Total Estimated Cost at Completion: $28,221

Actual Costs to Date: $22,345

Total Billed: $28,500

Job Number: 318

Job Name: Winter Remodel

Current Contract Amount: $17,954

Total Estimated Cost at Completion: $14,567

Actual Costs to Date: $4,562

Total Billed: $6,000

Job Number: 322

Job Name: Richardson Remodel

Current Contract Amount: $5,213

Total Estimated Cost at Completion: $3,721

Actual Costs to Date: $1,956

Total Billed: $0

Step by Step Solution

3.45 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Costs Billings in Total Actual Costs Profits in Excess ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Excel file Icon

246-B-F-F-M (1783).xlsx

300 KBs Excel File

Students Have Also Explored These Related Finance Questions!