CLC 011 Final Exam Study Guide: Cost Analysis Terms and Concepts Q&A.

1) An 80% learning curve has been observed for the production of the MEERKAT system. If the 5th production unit's recurring cost is $2 million, what will be the recurring cost for the 10th production unit? Assume that the production line is continuous and that the learning curve does not change. [Given the appropriate data, estimate the learning curve for a production process and the number of labor hours required for a future production unit.] [Remediation Accessed :N] $1600,000 $800,000 $1000,000 $1280,000 ________________________________________ 2) The document that lays out the specifications and assumptions to be used in preparing all estimates of a program's cost is known as the: [Identify when and why each of the following documents is required for ACAT I and ACAT IA acquisition programs: Life-Cycle Cost Estimate, Economic Analysis, Component Cost Analysis, Independent Cost Estimate, and Cost Analysis Requirements Description.] Cost Analysis Requirements Description (CARD) Economic Analysis (EA) Life Cycle Cost Estimate Independent Cost Estimate