| Revenue |
|---|
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Estimated hours needed to complete the project
What is backlog?
|
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Estimate at Completion = Actual Units + Backlog
What does EAC stand for and how is it calculated?
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Actual Units/EAC = % complete
How do you get the percentage complete of a project on the revenue report?
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Accrual reversal - Unposted hours * bill rate
What is the negative amount showing on this report and how is it calculated?
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% complete * Contract Value - prior period revenue
How is the current revenue calculated?
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