What is the most appropriate cost estimating method

Assignment Help Cost Accounting

Reference no: EM13170095

(a). A program in the Engineering and Manufacturing Development (EMD) phase has just been instructed to add some new electronic "black boxes" to the aircraft. The Program Executive Office needs a quick estimate of the cost impact these new additions that is as accurate as possible. The Program Office has access to a database of the costs of adding similar equipment to 15 other types of aircraft. What is the most appropriate cost estimating method for this situation?

Analogy

Engineering

Actual Cost

Parametric

(b)

Which one of the following best describes DoD philosophy of budgeting for a Fixed Price - Economic Price Adjustment contract?

Budget for the anticipated final negotiated price

Budget for the ceiling price

Budget for the target price

Budget for the estimated negotiated price and the maximum amount of the price adjustment clause

Reference no: EM13170095

Questions Cloud

Write a balanced redox reaction : Decide whether or not each of the following metals dissolves in 1 {rm M} {rm HCl}. For these metals that do dissolve, write a balanced redox reaction showing what happens when the metal dissolves.

State a silver indicator electrode and a reference electrode : A solution prepared by mixing 59.5 mL of 0.360 M AgNO3 and 59.5 mL of 0.360 M TlNO3 was titrated with 0.720 M NaBr in a cell containing a silver indicator electrode and a reference electrode of constant potential 0.175 V.

Calculate the mean-square speed of xe atoms : Two vessels are labeled A and B. Vessel A contains NH3 gas at 70°C, and vessel B contains Xe gas at the same temperature. If the average kinetic energy of NH3 is 7.1 10-21 J/molecule, calculate the mean-square speed of Xe atoms in m2/s2.

What is the molecular formula empirical formula of nh2cl : empirical formula for 2.80 g nitrogen and 8.00 g oxygen. what is the molecular formula empirical formula of NH2Cl, molar mass = 51.5 g/mol

What is the most appropriate cost estimating method : The Program Office has access to a database of the costs of adding similar equipment to 15 other types of aircraft. What is the most appropriate cost estimating method for this situation and budget for the estimated negotiated price and the maximum..

The reduction potential for the saturated calomel electrode : what is the voltage after the addition of the following volume of NaI solution? The reduction potential for the saturated calomel electrode is E = 0.241 V. The standard reduction potential for the reaction is E0 = 0.79993 V.

Manuscript presentation and speech : What are some ways we can prevent "losing" our audience during a manuscript presentation/speech? What are some tactics for recovering a manuscript presentation once the audience has "checked out?"

Prepare a classified balance sheet : Journalize the adjusting entries using the worksheet as a basis and journalize the closing entries using the worksheet as a basis

Institutional discrimination-individual discrimination : How does institutional discrimination differ from individual discrimination? Which is the most serious social problem, and why? Identify a current example of each concept.

User Account

All Pages