Cost incurred Stage of completion Formula

Cost incurred Stage of completion Formula

Stage of completion can be calculated by the following formula.

Stage of Completion =   Cost incurred to Date   .   

                                    Total estimated Cost

Example

Cost incurred = 45,000

Total estimated Cost = 60,000

What would be stage of completion?

Solution

Stage of Completion =   Cost incurred to Date   .   

                                    Total estimated Cost

= (45,000/60,000)

=75% (Stage of completion)