George Taniwaki supervises information technology projects at Mountain High Research. He has adopted job costing techniques to monitor and control project costs.

REQUIRED
A. List the types of information that are measured using a job costing system. For each type, explain how the job costing information could potentially be relevant to managing an information technology project.
B. Suppose an information technology project is partially complete. The total estimated cost is $100,000. So far, the job cost record indicates that direct costs and allocated overhead amount to $50,000. Does this accounting mean that the project is 50% complete? Why or why not?
C. Assume the same facts as in Part B. However, suppose the project is only 30% complete.
Would you say that costs for the project are in control? Why or why not?
D. Discuss things that George might do if he learns that the costs for a project are significantly higher than expected.
E. Discuss things that George might do if he learns that the costs for a job are significantly lower than expected.