InterviewSolution
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Contract completed is 3\4.Work certified is 1\2 of contract price.Cost of 3\4 work is 3,00, 000.Calculate the cost of work uncertified. |
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Answer» t of work uncertified is 200,000Explanation:Computing the cost of work done in 1 as:Value of 3/4 work completed = 300,000For 1 Value of 1 work completed = 300,000 × 4/ 3Value of 1 work completed = 100,000 × 4Value of 1 work completed = 400,000So, 1/2 work is CERTIFIED as computed as:Value of work certified = 400,000 × 1/2Value of work certified = 200,000Now, computing the cost of work uncertified as the formula:INCOME on a Contract = Value of Work Certified + Cost of Work UncertifiedSo, Cost of work uncertified = Income on a contract - Value of work certifiedwhereIncome on a contract is 400,000Value of work certified is 200,000putting the VALUED above:Cost of work uncertified = 400,000 - 200,000Cost of work uncertified = 200,000 |
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