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Problem 12-17 Software Associates Software Associate (SA) is a computer software

ID: 2345471 • Letter: P

Question

Problem 12-17 Software Associates
Software Associate (SA) is a computer software consulting firm that specializes in designing and implementing integrated marketing database warehousing programs. Humphrey Catalog is a client. In preparing its bid, SA is total labor for this project to be $222,500 broken down as follows:
Budgeted hours Budgeted Wages Budgeted Wages
Partner 100 $175 $17,500
Associate 300 120 36,000
Sr. Analyst 600 90 54,000
Analyst 1,000 40 40,000
Programmer 3,000 25 75,000
Total $222,500

After computing the Humph contract, SA reports the following:

Actual hours Actual Cost
Partner 90 $15,750
Associate 280 35,000
Sr. Analyst 750 63,750
Analyst 1,400 49,000
Programmer 3,600 82,800
Total $246,300
a.Prepare a project report for Humphrey

Explanation / Answer

Problem 12-17 Software Associates