In the _____ contract, if the supplier can demonstrate actual cost savings through production efficiencies or substitution of materials, the resulting savings from the initial price targets are shared between the supplier and the purchaser at a predetermined rate
a. time and materials
b. cost plus fixed fee
c. fixed-price with incentives
d. firm fixed price
e. fixed-price with escalation
c
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Assume that you are a regular customer of a grocery store.Which of the following best describes the descriptive analytics component used by the store to make you a more valuable customer?
a. Storing information about you and loading it into data warehouses b. Investigating correlations, sampling customer data, and summarizing data c. Determining thegrocery item that you will most likelypurchaseon your next visit d. Offering coupons or discounts to maximize sales or profits
Using data to understand customers/clients and business operations to sustain and foster
growth and profitability is A) easier with the advent of BI and Big Data. B) essentially the same now as it has always been. C) an increasingly challenging task for today's enterprises. D) now completely automated with no human intervention required.
Whiston Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month.?Work in process, beginning:??Units in process40?Percent complete with respect to materials60%?Percent complete with respect to conversion50%?Costs in the beginning inventory:??Materials cost$6,200?Conversion cost$16,300?Units started into production during the month190?Costs added to production during the month:??Materials cost$42,390?Conversion cost$136,340?Work in process, ending:??Units in process30?Percent complete with respect to materials50%?Percent complete with respect to conversion40%Required:a. How many units were transferred to the next department during the
month?b. What were the equivalent units of production for materials and for conversion costs for the month?c. What were the costs per equivalent unit of production for materials and for conversion costs for the month?d. What was the cost of the ending work in process inventory in the department at the end of the month?e. What was the cost of the units completed and transferred to the next department during the month? What will be an ideal response?
The Financial Accounting Standards Board has the responsibility for setting accounting and financial reporting standards for
A. All not-for-profit organizations that are nongovernmental and business entities. B. All not-for-profit organizations. C. All not-for-profit organizations and business entities. D. Special purpose governments with a business purpose.