A project that has an estimated profit of $1,200,000 is 10% complete. To date $800,000 of actual costs have been incurred. To date the customer has been billed $900,000. Is the project over or under billed? How much? The answer is "The project is under billed by $20,000".

Can you explain to me how to get this answer and why is this the answer.

Answer rating: 100% (QA)

Solution We need to if the project is over or under billed Given Estimated Profit of the Proj... View the full answer