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djnurs1 djnurs1
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6 years ago
Calculate the forecasted cost at completion if the total budgeted cost = 10,000 . the CEV is 8,000 . and the CAC is 4,000.
 a. FCAC = 5,000
  b. FCAC = 20,000
  c. FCAC = 6,000
  d. FCAC = 4,000
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jgfndjgfnd
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6 years ago
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2 years ago
I have a similar question and its answer. Maybe you can apply it to this question.

Calculate the forecasted cost at completion if the total budgeted cost = $10,000, the CEV is $9,000, and the CAC is $4,000. *

FCAC = $5,000

FCAC = $5,555.55

FCAC = $4,444.44

FCAC = $5,000.44

Solution

Calculate the forecasted cost at completion if the total budgeted cost = $10,000, the CEV is $9,000, and the CAC is $4,000.

Solution - Forecasted cost at completion = CAC + (Total budgeted cost - CEV)

= Forecasted cost at completion = $4,000 + ( $10,000 - $9,000)

=Forecasted cost at completion = $4,000 + $1,000

= Forecasted cost at completion = $5,000

Answer - FCAC = $5000
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