Discusses about preparing performance report for a project

Assignment Help Accounting Basics

Reference no: EM13824805

Problem-

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

280

750

1,400

3,600

$15,750

$35,000

$63,750

$49,000

$82,800

$246,300

Required:

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

Additional information-

This problem belongs to Accounting and it discusses about preparing performance report for a project.

Word limit- 150.

Reference no: EM13824805

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