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Oracle Exam 1Z0-1057-24 Topic 1 Question 7 Discussion
Topic #: 1
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)
Associated Project Percent Spent Example
The following formula calculates the percent spent revenue for the associated project.
((Sum of ITD Actual Cost for every subtask that is part of the associated task / Sum of Total Budgeted cost for every task that is part of associated task)
x Associated Project Funded Amount) -- Sum of Existing Invoice Event Amounts for the Associated Project
((60/300) x 750) -- 80 = 70
((Actual Cost / Budgeted Cost) x Budgeted Revenue) -- Sum of Revenue Event Amount
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