A job has approved contract value of $200,000 and approved change orders of $18,500. If billings to date are $141,500, what unbilled contract amount remains?
Correct Answer
C) $77,000.
Adjusted contract value is $218,500. Subtract billings to date of $141,500 to get $77,000 unbilled.
Why This Is the Correct Answer
Adjusted contract value is $218,500. Subtract billings to date of $141,500 to get $77,000 unbilled.
Why the Other Options Are Wrong
Option A: $58,500.
$58,500. is below the supported result for billing status; it likely uses the wrong base, period, or account bucket.
Option B: $76,000.
$76,000. is below the supported result for billing status; it likely uses the wrong base, period, or account bucket.
Option D: $59,000.
$59,000. is below the supported result for billing status; it likely uses the wrong base, period, or account bucket.
Memory Technique
Adjusted and contract live in different drawers; Reconciling Contract tells which opens.
Reference Hint
Study anchor (closed-book): memorize Billing status from CSLB Law and Business Study Guide; CSLB 2026 Law Book / CSLB Law and Business Study Guide Business Finances; know the rule or calculation trigger without relying on exam-room lookup.
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