Software Associates (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 for Humphrey, SA estimates its total labor cost for this project to be $222,500, broken down as follows:
Budgeted Hours | Budgeted Wage | Budgeted Cost | |
Partner | 100 | $175 | $ 17,500 |
Associate | 300 | 120 | 36,000 |
Senior analyst | 600 | 90 | 54,000 |
Analyst | 1,000 | 40 | 40,000 |
Programmer | 3,000 | 25 | 75,000 |
Total | $222,500 |
After the completion of the Humphrey contract, the following data are reported:
Actual Hours | Actual Cost | |
Partner | 90 | $ 15,750 |
Associate | 280 | 35,000 |
Senior analyst | 750 | 63,750 |
Analyst | 1,400 | 49,000 |
Programmer | 3,600 | 82,800 |
Total | $246,300 |
Required:
a. Prepare a performance report for the Humphrey Catalog project.
b. Offer a plausible explanation for SA’s performance on the Humphrey project.
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