This report primarily allows you to compare estimated and job to date hours and cost by phase for the labor cost type specified in the input parameter. Users are required to input the labor cost type, but may also include more estimated and actual dollars by entering additional cost types (input parameter). The report also prints Units and UC (unit cost) columns in order to calculate a variance between projected and estimated costs. The variance column subtracts the estimated cost (labor and additional cost types) from a unit based projected calculation, which uses the same logic as the other Viewpoint standard JC Unit Cost reports. See a more a specific explanation of the projected cost calculation below:

Projected Cost calculation. Computes by phase and cost type in the following logical order.

If projection records exist. Projected Cost for labor and addl. cost types.

If actual units exist. (Estimated Units*Est UC) - Estimated Cost.

The Estimated Units and Estimated UC only include units posted to the labor cost type whereas the Estimated Cost will include costs for any of the additional cost types entered.

If actual units = 0. Estimated Cost if not equal to 0, otherwise use Actual Cost. Estimated and Actual Costs include additional cost types entered.