Preparing performance statement report

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Reference no: EM1337928

Q1) 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 Costs
Partner 100 $175 $17,500
Associate 300 120 36,000
Senior Analyst 600 90 54,000
Analyst 1,000 40 40,000
Programmer 3,000 25 75,000
Total $222,500

After completing the Humphrey contract, SA reports the following data.
Actual Hours Actual Cost
Partner 90 $15,750
Associate 280 35,000
Senior Analyst 750 63,750
Analyst 1,400 49,000
Programmer 3,600 82,800
Total $246,300

Required:

a. Prepare a performance statement report for the Humphrey Catalog project.

Reference no: EM1337928

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