Question: The current contract amount for the project is $150,000. The estimated cost at completion is $130,000. The actual costs to date are $47,000 and the

The current contract amount for the project is $150,000. The estimated cost at completion is $130,000. The actual costs to date are $47,000 and the total billed to the owner is $55,000. Is the project over or under billed? By how much?

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