Calculate the forecasted cost at completion if the cumulative actual cost is R100 000 and the re-estimate of remaining work to be performed is R50 000.
A)FCAC = R50 000
B)FCAC = R150 000
C)FCAC = 2
D)FCAC = 0.5

Question

Quizplus · Accepted Answer

The formula to calculate FCAC (Forecasted Cost at Completion) is Actual Cost (AC) + Estimate to Complete (ETC). 
Given Cumulative Actual Cost = R100 000 and Re-estimate of remaining work = R50 000,
FCAC = AC + ETC
= R100 000 + R50 000
= R150 000
Therefore, the answer is B.

Calculate the Forecasted Cost at Completion If the Cumulative Actual