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Given the following FPIF contract information, determine the final contract price: Final Allowable Cost: $16,500,000 Target Cost Estimate: $15,500,000 Target Profit: $1,750,000 Overrun Share Ratio:
Given the following FPIF contract information, determine the final contract price:
Final Allowable Cost: $16,500,000
Target Cost Estimate: $15,500,000
Target Profit: $1,750,000
Overrun Share Ratio: 85/15
Underrun Share Ratio: 80/20
Ceiling Price: $17,825,000
a. $18,050,000 |
b. $17,100,000 |
c. $18,100,000 |
d. $17,825,000 |
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