Respuesta :
The contract cost for constructing a house in June 2005 was $242,555. The index for that month was 205.2 and the current index is 288.8. What is the estimated cost to build the house today $314374.
What is Contract Costing?
Contract costing is used to keep track of expenses associated with a certain contract with a customer. For instance, when a company submits a bid for a major construction project, the business and the potential client engage in a contract describing the parameters of a particular kind of reimbursement for the business.
How do you calculate contract cost?
To determine TCV, multiply the monthly recurring revenue (MRR) by the number of months left in the contract's term, and then add any other one-time costs specified in the agreement.
Total Contract Value = Monthly Recurring Revenue (MRR) x Contract Term Length + Any One-time Fees.
Learn more about contract :https://brainly.com/question/2669219
#SPJ4
