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COST ACCOUNTING HOMEWORK

by | Nov 30, 2023 | questions

1) As the lead service for the Joint Armored Wheeled System (JAWS), the Marine Corps used RDT&E, Navy funds to develop the system. JAWS is currently in production and several hundred units have already been fielded. The Marine Corps purchased its units with the Marine Corps Procurement appropriation, while the Army purchased its units with its Weapons and Tracked Combat Vehicle Procurement, Army (W&TCV Procurement, Army) appropriation. A product improvement effort is underway to improve the reliability of JAWS. The fabrication and installation of the modification kits required to incorporate this product improvement into fielded JAWS should be funded with:
Marine Corps Procurement and W&TCV Procurement, Army
Marine Corps Procurement only
Research, Development, Test & Evaluation, Navy
Other Procurement, Navy
2) Your program has an RDT&E-funded project scheduled to start in November 2011 which is expected to take 12 months to complete. The project is expected to cost a total of $12 million (then-year dollars), with cost expected to be incurred at a rate of $1 million per month. Which two of the following are appropriate budget requests for this project? (Select all that apply)
$ 12 million for FY11 and $ 0 million for FY12
$ 11 million for FY12 and $ 1 million for FY13
$ 12 million for FY12 and $ 0 million for FY13
$ 11 million for FY11 and $ 1 million for FY12

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