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GrogVix [38]
2 years ago
6

In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to

support the project, and the cost of delivering goods or service the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit the contract provides an incentive for performing on the project above the established baseline in the contract the contractor assumes the risks for unexpected increases in labor and materials that are needed to provide the service or materials and in the quantity of time and materials needed developing a clear scope of work, creating a list of highly qualified bidders, and developing a clear contract is critical
Business
1 answer:
JulsSmile [24]2 years ago
7 0

Answer:

the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.

In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.

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Answer:

2017:

Total variable cost= $600,000

Total fixed cost=  $1,900,000

2018:

Total variable cost= $800,000

Total fixed cost= $1,900,000

Explanation:

Giving the following information:

The factory opened in 2014, and by the end of the year, they had made 30,000 batteries for a total cost of $2,500,000. In 2015, they made 40,000 batteries for an additional cost of $200,000.

I will assume that the fixed costs remain constant in both years.

We can calculate the variable cost per unit using the incremental cost.

Variable cost per unit= incremental cost/incremental units

Variable cost per unit= 200,000/10,000= $20

Now, we can calculate the fixed costs:

2017:

Total variable cost= 30,000*20= $600,000

Total fixed cost= 2,500,000 - 600,000= $1,900,000

2018:

Total variable cost= 40,000*20= $800,000

Total fixed cost= $1,900,000

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When is it not necessary to build a new market supply schedule?
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Answer: The answer is <u>B, a job shortage occurs when there is a higher demand for jobs than there is for labor.</u>

Explanation:

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