Contracts in which reimbursement is based on actual allowable cost plus a fixed fee is called:

CS Executive · Cost and Management Accounting · PYQS · June 2018
Contracts in which reimbursement is based on actual allowable cost plus a fixed fee is called:
(A) Special contract
(B) Cost plus contract
(C) Regular contract
(D) Cost contract

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost and Management Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic