When Price Analysis Is Not Possible,cost Analysis Becomes the Basis

question 3

True/False

When price analysis is not possible,cost analysis becomes the basis of obtaining a fair and reasonable price.

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Definitions:

Load Report

A report for showing the resource requirements in a work center for all work currently assigned there as well as all planned and expected orders.

Resource Requirements Profile

A detailed outline that shows the types and quantities of resources needed at specific times during a project.

Work Centre

A specific area within a manufacturing facility where a distinct type of operations or tasks are carried out.

Phantom Bills

A virtual or imaginary bill of materials used in manufacturing to assist in the planning process, representing a subassembly that is not physically built or inventoried.