Job Costing Reports: Calculate Projected Variance (Question 9)

Job Costing Reports: Calculate projected variance (Question 9)

This question offers the option for the system to calculate and include the projected variance percent for cost activities that have a percentage of completion greater than the percentage that you are prompted to enter. Variance calculations are based on the assumption that future costs will behave in the same way as previous costs; therefore, we recommend that you do not calculate variance until you have at least completed start-up work on an activity.

The default for this question is that the check box is selected, and 15.00 percent.

Accept the default that Calculate projected variance only if % complete is greater than the specified % is selected to calculate and include the projected variance for cost activities.

In the % field, accept the default or enter the percentage of completion figure that the projected variance for cost activities must be greater than to be included in the report.

Note that if you enter zero, the projected variance percent will be included for all cost activities.

Or
Deselect the option to exclude this calculation from the report.