Preparation Of Performance Report

Question

Software Associates (SA) is a computer software consulting firm that specializes in designing and implementing integrated marketing database warehousing programs. Humphrey Catalog is a client. In preparing its bid for Humphrey, SA estimates its total labor cost for this project to be $222,500, broken down as follows:

                                             Budgeted Hours                   Budgeted Wage               Budgeted Cost

Partner

Associate

Senior analyst

Analyst

Programmer

Total

100

300

600

1,000

3,000

$175

$120

$90

$40

$25

$17,500

$36,000

$54,000

$40,000

$75,000

$222,500

After completing the Humphrey contract, SA reports the following data.

                                                            Actual Hours                                      Actual Costs

Partner

Associate

Senior analyst

Analyst

Programmer

Total

90

280

750

1,400

3,600

$15,750

$35,000

$63,750

$49,000

$82,800

$246,300

Required:

  1. Prepare a performance report for the Humphrey Catalog project.
  2. Offer a plausible explanation for SA’s performance on the Humphrey project.

 

Summary

The question belongs to Accounting and it discusses about preparing performance report for a project.

Total Word Count 129

Download Full Solution

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.