Estimated 8 + 3 = 11 Actual: 10 and 19/24
A good comparison is the percentage error.
The estimated sum is 11 The actual sum is 10 and 19/24
3874 + 1845 = 5719 is the actual sum. I'm not sure where the 'estimated sum' comes into it.
item actual cost estimated cost unit quantity description
actual answer= 293.8 estimated answer= 294.0
He estimated the circumference of the earth within 10% of its actual size
The estimate is 30. The actual is 31.456.
Estimated cost is the budgeted cost according to the original Project Management. Actual cost represent the actual payments (actual cost of the project). Your question seems related to earned value analysis, which is essentially comparing the budgeted cost/hours against the actual cost/hours.
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses