Question

Cook Contractors is a general construction company with a wide variety of projects. Budgeted and actual (to date) results (in thousands of dollars) for a building project follow.

	Budget							Actual
Month	Cost			%Complete				Cost			%Complete
0	$	0			0.0	%		$	0			0.0	%
1	$	820			2.8	%		$	1,010			2.5	%
2	$	1,640			5.6	%		$	1,720			5.5	%
3	$	2,460			8.4	%		$	2,390			7.2	%
4	$	3,280			11.2	%		$	3,300			10.9	%
5	$	4,100			14.0	%		$	4,150			13.5	%
6	$	4,920			16.8	%		$	5,050			17.0	%
7	$	5,740			19.6	%		$	5,800			19.5	%
8	$	6,560			22.4	%		$	6,640			21.8	%
9	$	7,380			25.2	%		$	7,870			23.5	%
10	$	8,200			28.0	%		$	8,410			24.9	%
11	$	9,020			30.8	%		$	9,390			25.0	%
12	$	9,840			33.6	%		$	10,010			28.0	%
13	$	10,660			36.4	%
14	$	11,480			39.2	%
15	$	12,300			42.0	%
16	$	13,120			45.2	%
17	$	13,940			48.4	%
18	$	14,760			51.6	%
19	$	15,580			54.8	%
20	$	16,400			58.0	%
21	$	17,220			61.2	%
22	$	18,040			64.4	%
23	$	18,860			67.6	%
24	$	19,680			70.8	%
25	$	20,500			74.0	%
26	$	21,320			79.2	%
27	$	22,140			84.4	%
28	$	22,960			89.6	%
29	$	23,780			94.8	%
30	$	24,600			100.0	%

Required:

a. At this time, what is the current cost over (under) run on the project? (Enter your answer in dollars and not in thousands of dollars.)

b. At this time, by how far ahead or behind schedule is the project in terms of percentage of completion? (Round your answer to 1 decimal place.)

Answer 1