Flashcards in M2 Deck (25):
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%
40 x 2.5 and the cost is $100
90% of 100 is 90%
90% of 90 is 81%
90% of 81 is 73
What is the formula for cost variance?
Cost variance = BCWP - ACWP
What are contingent liabilities carried out as an outstanding commitment?
Major budget decisions
Difference between Economy Act Order and Project Order
Foreign currency fluctuations
When do use an MOA? MOU?
(Recurring when no costs are involved)
What must the customer endure before sending funds to NWCF activity?
Activity can accomplish the work
Program Acquisition Unit Cost
Exercise 4 pg 2.2.12
Analysis of Alternatives
Who bears the most risk with an in fixed price contract
Cost reimbursable contracts
What is the only type of contract where EVMS is not used
Activity based costing
How often is the strategic plan submitted? Updated?
What is the name of the agreement signed between the Federal Government and state/local/city government
Letter of Intent
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
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