Variance Calculations for Projected Costs

Fixed Price Variance

Estimated Variance = At Completion Dollars less Current Estimate Dollars

Projected Variance = At Completion Dollars less Last Projection Dollars

Unit Price Variance

Est Variance = At Completion Quantity * (At Completion Unit Cost – Estimated Unit Cost)

Proj Variance = At Completion Quantity * (At Completion Unit Cost – Last Proj Unit Cost)