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Flashcards in M2 Deck (25):
1

Learning curve

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2

Figure out the fourth unit cost of a HP engine. Average cost of the first unit was 40 and 2.5 (HP) and the learning curve rate was 90%

73

40 x 2.5 and the cost is $100
90% of 100 is 90%
90% of 90 is 81%
90% of 81 is 73

3

What is the formula for cost variance?

Cost variance = BCWP - ACWP

4

What are contingent liabilities carried out as an outstanding commitment?

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5

Major budget decisions

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6

Difference between Economy Act Order and Project Order

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7

Severability

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8

Foreign currency fluctuations

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9

When do use an MOA? MOU?

(Recurring when no costs are involved)

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10

What must the customer endure before sending funds to NWCF activity?

Activity can accomplish the work

11

Recording funds

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12

Program Acquisition Unit Cost

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13

Exercise 4 pg 2.2.12

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14

Analysis of Alternatives

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15

CAIV

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16

Who bears the most risk with an in fixed price contract

Contractor

17

Cost reimbursable contracts

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18

What is the only type of contract where EVMS is not used

Construction?

19

Activity based costing

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20

How often is the strategic plan submitted? Updated?

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21

Performance measures

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22

What is the name of the agreement signed between the Federal Government and state/local/city government

MOAs
Letter of Intent
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23

When budgeting for military personnel at a WCF activity, what costs are covered?

Base pay w/o entitlements
Base pay plus entitlements
Rank for a year
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24

Contractor wrecked a government vehicle. What can the check from the contractor to replace the vehicle be used for?

Only for replacement vehicle
Put into O&M account
Miscellaneous receipts
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25

Sale and outlease

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