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You are soliciting a single-source proposal from Motley Systems to provide seven major components for the Motley I system. Your purchase request estimates total contract price at $900,000. Motley Systems is a well-established systems developer and producer. They have a remarkable record of accurate cost estimating and effective cost control. The Motley I was developed by Motley Systems exclusively for sale to the Government. Answer the following questions: 1. Should Motley Systems be required to submit cost or pricing data? Why? 2. If Motley Systems is required to submit cost or pricing data, should the firm be required to submit a single summary cost breakdown for the entire proposal or a cost breakdown for each of the seven line items? Why? 3. After an initial review of Motley's $845,000 proposal you note that all the labor estimates are based on 'judgment." Motley has been building these systems and spare parts for more than two years. Is the firm required to provide historical cost data? 4. Is the firm required to use the historical cost data in developing its cost estimate? 5. On June 3, 19X2, you and George Motley reach an agreement on contratc price, based on a proposal submitted on April 15, 19X2. Contract award is projected for June 30, 19X2. No special cutoff dates for cost or pricing data submission were agreed to during contract negotiations. When should Motley be required to submit a Certificate of Current Cost or Pricing Data? 6. What should be the "as of" date for the certificate?
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at each calender year end maize supply co uses the percent of accounts receivable method to estimate bad debts. on 31
in 2011 tony invests 35000 in an activity for which he is not a material participant. tony has no othersources of
Benny's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year the business recorded $210,000 in revenues, $110,000 in expenses, and dividends of $20,000.
For which of the segments would information have to be disclosed in accordance with professional pronouncements? A. Segments A, B, C, and D b. Segments A, B, and C c. Segments A and B d. Segments A and D 57. In January 2011, Post, Inc.
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During February the Lungren Manufacturing Company's costing system reported several variances that the production manager was surprised to see.
small motors inc which is currently operating at full capacity has sales of 29000 current assets of 1600 current
purchased a copyright for a design for 15000 with a life left on the copyright of 25 year. the estimated remaining
The Carlton Organization rents its hotel rooms for $600 per night with variable expenses of $450 per room. What is the organizations contribution margin rate.
consider the following production and cost data for two products x and y the company has 15000 machine hours available
explain the following generally accepted accounting principles gaapa. going concernb. conservatismc.
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