Labor and Material Estimates
You are budgeted to spend $2,000,000 in burdened labor and $800,000 in material. At the end of the first month of your project, the following information is made available:
Labor:
•ACWP = $ 80,000.
•BCWP = $ 90,000.
•BAC = $2,000,000.
Material:
•ACWP = $ 500,000.
•BCWP = $ 350,000.
•BAC = $ 800,000.
Determine the estimated cost at completion for both Labor and Material.