Question: Baker has entered into a fixed price contract with a total on the contract, the bid, of 742,000 that included a profit of 84,000. At

Baker has entered into a fixed price contract with a total on the contract, the bid, of 742,000 that included a profit of 84,000. At approximately the 74% level of completion, the CEV was 495,000 and the CAC was 518,000. Using the method for predicting the FCAC based on the history to date on the project continues, what is the estimated profit now based on these performance measures?

In the Baker situation above, what is the estimated profitusing the method for predicting the FCAC based on future work proceeding as budgeted?

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