CLC 011 / CLC 011 FINAL EXAM. ALABAMA STATE UNIVERSITY

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CLC 011 / CLC 011 FINAL EXAM. ALABAMA STATE UNIVERSITY. 1) An 80% learning curve has been observed for the production of the MEERKAT system. If the 5th production unit's recurring cost is $2 million,... what will be the recurring cost for the 10th production unit? Assume that the production line is continuous and that the learning curve does not change. [Given the appropriate data, estimate the learning curve for a production process and the number of labor hours required for a future production unit.] [Remediation Accessed :N] $1600,000 $800,000 $1000,000 $1280,000 ________________________________________ 2) The document that lays out the specifications and assumptions to be used in preparing all estimates of a program's cost is known as the: [Identify when and why each of the following documents is required for ACAT I and ACAT IA acquisition programs: Life-Cycle Cost Estimate, Economic Analysis, Component Cost Analysis, Independent Cost Estimate, and Cost Analysis Requirements Description.] Cost Analysis Requirements Description (CARD) Economic Analysis (EA) Life Cycle Cost Estimate Independent Cost Estimate 1) The following information pertains to the estimated number of labor hours required to produce certain units of the WARTHOG system. What is the learning curve percentage assumed by this data and how many labor hours will be required to produce the 160th unit? Unit Number Hours Required 10 3,000 20 2,700 40 2,430 80 2,187 160 ? [Given the appropriate data, estimate the learning curve for a production process and the number of labor hours required for a future production unit.] 90% and 1,969 95% and 1,630 5% and 1,630 10% and 1,969 1) Select the THREE choices that represent methods for conducting price analysis for federal procurements. (Select three) [Differentiate between price analysis and cost analysis.] Use of parametric estimating methods or rough yardsticks [Show More]

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