Calculate the forecasted cost at completion if the cumulative actual cost is $10,000 and the re-estimate of remaining work to be performed is $5,000.
A) FCAC = $5,000
B) FCAC = $15,000
C) FCAC = 2
D) FCAC = 0.5

Question

Quizplus · Accepted Answer

The formula for forecasted cost at completion (FCAC) is FCAC = cumulative actual cost + re-estimate of remaining work. Plugging in the given values, we get FCAC = $10,000 + $5,000 = $15,000.

Calculate the Forecasted Cost at Completion If the Cumulative Actual