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.

Target cost

Actual cost

Variance $($over$/$under$)$

Seller sharing ratio

Overrun$/$Underrun

Target profit

Profit

Actual cost

Price

Price ceiling

Final price