M2 Flashcards
Learning curve
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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
What is the formula for cost variance?
Cost variance = BCWP - ACWP
What are contingent liabilities carried out as an outstanding commitment?
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Major budget decisions
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Difference between Economy Act Order and Project Order
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Severability
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Foreign currency fluctuations
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When do use an MOA? MOU?
Recurring when no costs are involved
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What must the customer endure before sending funds to NWCF activity?
Activity can accomplish the work
Recording funds
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Program Acquisition Unit Cost
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Exercise 4 pg 2.2.12
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Analysis of Alternatives
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CAIV
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Who bears the most risk with an in fixed price contract
Contractor
Cost reimbursable contracts
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What is the only type of contract where EVMS is not used
Construction?
Activity based costing
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How often is the strategic plan submitted? Updated?
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Performance measures
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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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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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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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Sale and outlease
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