A residential requires excavation for construction of the foundation. The budgeted quantity of work is estimated at 3000 CY. However, during construction, the quantity at completion is revised to 3500 CY due to a change order required by the owner. If the quantity to date (end of the reporting period) is measured at 2100 CY. What is the percentage completion of the excavation activity at the end of the first reporting period .
A residential requires excavation for construction of the foundation. The budgeted quantity of work is estimated at 3000 CY. However, during construction, the quantity at completion is revised to 3500 CY due to a change order required by the owner. If the quantity to date (end of the reporting period) is measured at 2100 CY. What is the percentage completion of the excavation activity at the end of the first reporting period .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A residential requires excavation for construction of the foundation. The budgeted quantity of work is estimated at 3000 CY. However, during construction, the quantity at completion is revised to 3500 CY due to a change order required by the owner. If the quantity to date (end of the reporting period) is measured at 2100 CY. What is the percentage completion of the excavation activity at the end of the first reporting period .
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