Direct Costs
Direct Costs must be accumulated, at a minimum, at what level?
These rates represent estimates of anticipated future indirect costs.
What are Forward Pricing Rates?
This is the earliest point performance can be taken for material
The actual receipt of the material items
These are costs recorded in the EV cost system as actuals, even though the expenses have not yet been incurred in reality.
What are Estimated Actuals
How often are forecasted indirect cost rates updated?
Annually
this is the latest point performance for material can be taken
the point of consumption
What is the purpose of estimated actuals?
to ensure ACWP occurs in the same reporting period BCWP is taken
What is the purpose of "Target Indirect Rates"?
To remove month-to-month variability
Can performance be taken on material that has been cancelled?
No