In addition to costs experienced costs overruns of 800000

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Contract price 8,000,000

-------------------2012---------------- 2013----------------- 2014

est. cost----- 1,600,000 --------- 2,880,000 --------- 1,920,000

billings ------ 1,000,000---------- 2,500,000 --------- 4,500,000

collections ---  800,000 -----------2,300,000 --------- 4,900,000

In addition to costs, experienced costs overruns of 800,000 in 2012 and 850,000 in 2013.

Calculate Gross profit and revenue for each year.

Reference no: EM13592485

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