13. Determine the over- and underbilling's for a company with the following information. Show your result...
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13. Determine the over- and underbilling's for a company with the following information. Show your result using the work on hand worksheet. Job Name Job Number 510 479 380 Lab Remodel Winter Garage Office Renovation Current Contract Amount 32,650 50,275 6,870 Total Estimated Cost at Completion 31,170 42,100 4,950 Actual Costs to Date 28,300 39,900 1,986 Total Billed 30,000 46,250 0 13. Determine the over- and underbilling's for a company with the following information. Show your result using the work on hand worksheet. Job Name Job Number 510 479 380 Lab Remodel Winter Garage Office Renovation Current Contract Amount 32,650 50,275 6,870 Total Estimated Cost at Completion 31,170 42,100 4,950 Actual Costs to Date 28,300 39,900 1,986 Total Billed 30,000 46,250 0 13. Determine the over- and underbilling's for a company with the following information. Show your result using the work on hand worksheet. Job Name Job Number 510 479 380 Lab Remodel Winter Garage Office Renovation Current Contract Amount 32,650 50,275 6,870 Total Estimated Cost at Completion 31,170 42,100 4,950 Actual Costs to Date 28,300 39,900 1,986 Total Billed 30,000 46,250 0 13. Determine the over- and underbilling's for a company with the following information. Show your result using the work on hand worksheet. Job Name Job Number 510 479 380 Lab Remodel Winter Garage Office Renovation Current Contract Amount 32,650 50,275 6,870 Total Estimated Cost at Completion 31,170 42,100 4,950 Actual Costs to Date 28,300 39,900 1,986 Total Billed 30,000 46,250 0
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The question seems to relate to construction accounting particularly the concept of overbilling and underbilling Overbilling occurs when the billings ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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