|
Job costs |
$800,000.00 |
|
Overhead |
$120,000.00 |
|
Profit |
$46,000.00 |
|
Volume |
$966,000.00 |
• Actual costs beat estimated costs by 10%.
|
|
Estimated |
Actual |
|
Job costs |
$800,000.00 |
$720,000.00 |
|
Overhead |
120,000.00 |
120,000.00 |
|
Profit |
46,000.00 |
126,000.00 |
|
Volume |
$966,000.00 |
$966,000.00 |
• Profit has increased by $80,000.00.
• Profit went from 5% to 13% of volume.