Brady construction company contracted to build an apartment

Reference no: EM13576876

Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2013 and was completed in 2015. The following are a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars

Costs Incurred During Year

Situation 2013 2014 2015

1 1,500 2,100 900 3,000 900 %u2014

2 1,500 900 2,400 3,000 2,400 %u2014

3 1,500 2,100 1,600 3,000 1,500 %u2014

4 500 3,000 1,000 3,500 875 %u2014

5 500 3,000 1,300 3,500 1,500 %u2014

6 500 3,000 1,800 4,600 1,700 %u2014

Estimated Costs to Complete (As of the end of the year)

Situation 2013 2014 2015

1 3,000 900
2 3,000 2,400
3 3,000 1,500
4 3,500 875
5 3,500 1,500
6 4,600 1,700

Reference no: EM13576876

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