Question

Calculate the forecasted cost at completion if the total budgeted cost is $15,000, the cumulative actual cost is $10,000, and the cumulative earned value is $12,000.

Answer 1

$13,000

Step-by-step explanation:

The total budgeted cost is $15,000

The cumulative actual cost is $10,000

The cumulative earned value is $12,000

Therefore, the forecasted cost at completion can be calculated as follows

= Cumulative actual cost + ( Budgeted cost-Cumulative earned value)

= $10,000 + ($15,000-$12,000)

= $10,000 + $3,000

= $13,000

Hence the forecasted cost at completion is $13,000