100-99=1
Estimated cost is the budgeted cost according to the original Project Management. Actual cost represent the actual payments (actual cost of the project). Your question seems related to earned value analysis, which is essentially comparing the budgeted cost/hours against the actual cost/hours.
Open End lease
Open-end lease
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
A quantity is how much of somethere is, and a estimate is a complete or educated guess. If you know the actual quantity, then it isn't a guess. So i guess the difference is one is a guess and one is not.
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.
The actual value of a piece of jewelry is the current price the market will determine if the jewelry is sold today. An appraisal is an estimated price the jewelry will sell for if the market and demand is ideal.
3874 + 1845 = 5719 is the actual sum. I'm not sure where the 'estimated sum' comes into it.
item actual cost estimated cost unit quantity description
actual answer= 293.8 estimated answer= 294.0
Estimated 8 + 3 = 11 Actual: 10 and 19/24
The estimated sum is 11 The actual sum is 10 and 19/24