Solved: Determine the buyer-seller are engaging in a fpif contract, Operation Management

Determine the buyer-seller are engaging in a fpif contract

Assignment:

The buyer and seller are engaging in a FPIF (Fixed-Price Incentive Fee) contract and agree on the following parameters:

Target Cost: $380,000

Actual Cost: $395,000

Sharing Ratio: Buyer 70%/30% Seller

Target Profit (AKA Target Fee): $20,000

Price Ceiling (AKA Point of Total Assumption): $410, 000

Please use this page to submit your answers. Please fill in the blanks below with the appropriate values.

Fill in

Target cost ____________

Actual cost ____________

Variance (over/under) ____________

Seller sharing ratio ____________

Overrun/Underrun ____________

Target profit ____________

Profit ____________

Actual cost ____________

Price ____________

Price ceiling ____________

Final price ____________

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Operation Management: Determine the buyer-seller are engaging in a fpif contract

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Operation Management: Determine the buyer-seller are engaging in a fpif contract

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