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What are the phases in the allocation cycle when analyzing contract costs?
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Who built the lunar rover?
The Lunar Rover was a joint venture between Boeing and General Motors and was a costs plus contract that started out at $19M and ended up upwards of $38M after prototypes and and trainers were built.
Is space exploration a good or bad thing and why?
well it costs 40bn a year and we owe 875bn, For a week it costs N.A.S.A $20m but to feed an African family of 4 it only costs them $5.74 Thanks
How much money does NASA get paid?
ALOT including the amount that they need anyway to send probes into space and onto other planets, oil costs and building costs costs well over $100,000
How much does it cost to get to mars?
It costs billions of dollars to get to Mars. The high costs include creating a spacecraft to support life on the way there, transporting food and water, and research.
What are the social and environmental costs and benefits to space clothing?
hi
What is the process of assigning indirect costs?
Cost allocation...
Importance of cost allocation?
Cost allocation allows a company to determine the amount each item produced will cost. An effective cost allocation will be able to track down the shared costs of production not only to the divisions but also to the products and customers that use those costs.
What are the impact of external costs and external benefits on resource allocation?
The impact of external costs and external benefits on resource allocation that business needs can be done quiet easily with perfection as distribution of resources has been done with costs and benefits effective point.
Is cost allocation base a cost driver?
Yes, it is. When used for allocating costs, a cost driver is often called a cost-allocation base
The tracing or reassigning of costs to one or more cost objectives is referred to as?
cost allocation
Allocating costs using direct and step-down methods?
how does the direct method of cost allocation work
What is an Government Approved Accounting System?
As discussed in DCAAP 7641.90 (Defense Contract Audit Agency Pamplet), the government reviews the "acceptability of the contractor's accounting system for accumulating costs under a prospective Government contract." DCAA conducts an audit in which the scope is limited to obtaining an understanding of the design of the prospective accounting system and as essential to reach an informed opinion as to whether or not the design is acceptable for accumulating costs under a Government contract. DCAA also will determine if the system will provide reasonable data for projection of costs to complete a contract.Some of the specific items that are reviewed during the audit are:(a) Proper segregation of direct costs from indirect costs;(b) Identification and accumulation of direct costs by contract;(c) A logical and consistent method for the allocation of indirect costs to intermediate and final cost objectives;(d) Accumulation of costs under general ledger control;(e) A timekeeping system that identifies employee's labor by intermediate or final cost objectives;(f) A labor distribution system that charges direct and indirect labor to the appropriate cost objectives;(g) Interim (at least monthly) determination of costs charged to a contract through routine posting to books of account;(h) Exclusion from costs charged to Government contracts of amounts that are not allowable pursuant to FAR Part 31, Contract Cost Principles and Procedures or other contract provision;(i) Identification of costs by contract line item and units if required by the proposed contract; and(j) Segregation of preproduction costs from production costs.=======================================Reference: Department of Defense: Defense Contract Audit Agency. "Information for Contractors." DCAAP 7641.90. January 2005. Located on 12/29/2010 at http://www.dcaa.mil/dcaap7641.90.pdfFederal Acquisition Regulation (FAR) Part 31, Appendix 1 & 2. Located on 12/29/2010 at https://www.acquisition.gov/Far
What are some of the problems solved by systems analysis?
Systems analysis helps identify inefficiencies in processes, improve communication and coordination among departments, optimize resource allocation, and ensure that technology solutions meet business needs. By analyzing systems, organizations can streamline operations, reduce costs, and enhance decision-making processes.
How much does the Apple iPhone 3gs cost?
The iPhone 3Gs costs $200 dollars with a contract. The iPhone 3Gs costs $500 dollars without a contract.
Does cost allocation provide relevant information?
Yes, cost allocation allows managers to study how product costs are affected by changes in the environment. They also help the organization determine profit maximization strategies.
What plays a role when deciding cost allocation?
There are many roles that are required when one is deciding on cost allocation. Control costs must be taken into consideration and it is beneficial to one to conduct responsible financial management of resources.
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
