Calculate the actual value of work done and the total actual profit contribution from all the projects as of the 31st of March. You are currently working as a planner in a construction company. Thecompany is currently running 4 different construction works. The monthlyplanned value of work done for each project is according to the schedule asshown in Table 2.Table 2: The Planned Value of Work Done ScheduleApril120,000140,00090,000120,000JanFebMarchProject AProject BProject CProject D60,000100,00080,000120,000100,00080,00080,000120,000120,000120,00070,000100,000Мay200,000140,000100,000150,000Based on the data obtained from each project, you have found out the value ofwork done on the 31st of March, which is shown in Table 3 below.Table 3: The Actual Value of Work Done and Direct Cost Incurred as of the31st of MarchProjectActual Value of Work Direct Cost IncurredDoneA300,000250,000250,000280,000220,000180,000200,000240,000BDEach project is supposed to contribute 10% profit and 8% overhead to thecompany. You are requested to present to the company the turnover as of the31st of March. Prepare your answer by answering the following questions.

The actual value of work done is given for each project and direct cost. The overhead is indirect…

You are currently working as a planner in a construction company. The company is currently running 4 different construction works. The monthly planned value of work done for each project is according to the schedule as shown in Table 2. Table 2: The Planned Value of Work Done Schedule Jan Project A Project B Project C Project D 60,000 100,000 80,000 120,000 Feb 100,000 80,000 80,000 120,000 March 120,000 120,000 70,000 100,000 April 120,000 140,000 90,000 120,000 May 200,000 140,000 100,000 150,000

You are currently working as a planner in a construction company. The company is currently running 4 different construction works. The monthly planned value of work done for each project is according to the schedule as shown in Table 2. Table 2: The Planned Value of Work Done Schedule Jan Project A Project B Project C Project D 60,000 100,000 80,000 120,000 Feb 100,000 80,000 80,000 120,000 March 120,000 120,000 70,000 100,000 April 120,000 140,000 90,000 120,000 May 200,000 140,000 100,000 150,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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