**Job Cost Report Analysis:****Cost Code Variance:** 03-3100M **Description:** Concrete Material **Budget:** $187,999 **Committed:** $185,000 **Cost to Date:** $35,000 ---**In the above example from a job cost report, what would be the calculated variance?**A. ($2,999) B. $152,999 C. $150,000 D. $2,999 **Explanation:**To calculate variance in a job cost report, subtract the committed amount from the budgeted amount:Variance = Budget - CommittedIn this example:Variance = $187,999 - $185,000 = $2,999The correct answer is D. $2,999.

The following information is given:Cost Code: 03-3100MDescription: Concrete MaterialBudgeted Cost:…

Answered: Cost Code Variance 03-3100M Description…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Cost Code Variance 03-3100M Description Concrete Material Budget $187,999 Committed $185,000 Cost to Date $35,000 In the above example from a job cost report, what would be the calculated variance? A. ($2,999) B. $152,999 C. $150,000 D. $2,999