Is the project over or under billed
Problem
A project that has an estimated profit of $1,200,000 is 10% complete. To date $800,000 of actual costs have been incurred. To date the customer has been billed $900,000. Is the project over or under billed? How much?
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To date $800,000 of actual costs have been incurred. To date the customer has been billed $900,000. Is the project over or under billed? How much?
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