What are the projected completion costs if the to date quantities changed from 124 to 150 and the to date expended costs changed from $179 to $225?

Prepare for the Certified Associate Constructor (CAC) Level 1 Exam with our quiz. Study with engaging questions and comprehensive explanations. Perfect your test knowledge today!

To find the projected completion costs based on the provided quantities and expended costs, we first need to determine the cost per unit. This can be calculated by taking the total expended costs and dividing them by the total quantities.

Initially, the expended costs were $179 for 124 units. Therefore, the cost per unit can be calculated as follows:

Cost per unit = Total expended costs / Total quantities

Cost per unit = $179 / 124

Cost per unit ≈ $1.4435 (rounded)

Next, we utilize this cost per unit to project costs for the new quantity of 150 units. The projected completion costs can be found by multiplying the cost per unit by the new quantity:

Projected completion costs = Cost per unit x New quantity

Projected completion costs = $1.4435 x 150

Projected completion costs ≈ $216.525 (this step seems to provide a lower projection than indicated by choices).

However, if we recognize that the expended costs have increased from $179 to $225 for the updated measurement of 150 units, we can utilize the updated value directly to calculate the projected costs similarly.

Therefore, we recalculate the projected completion costs considering both the changes in units and

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy