Course Wrap-Up, BUS 315 Cost and Price Analysis Week 11 Discussion 1 help

  

“Course Wrap-Up” Please respond to the following:Sum up two of the most important concepts you learned from this course and state how you might use these.Identify someone in your life who would benefit from taking this course, and explain the reasons why.Concepts attached
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BUS 315 – Cost and Price Analysis
COURSE DESCRIPTION
Covers establishment and administration of equitable pricing arrangements for goods and / or services.
Analyzes the total price (cost plus profit) and the individual elements of cost (labor, materials, indirect
costs, and profit). Emphasizes techniques for determining proper prices and estimating. Discusses
methods of pricing research and development, and the selection of hardware and services.
INSTRUCTIONAL MATERIALS
Required Resources
Murphy, J. E. (2009). Guide to contract pricing: Cost and price analysis for contractors, subcontractors,
and government agencies (5th ed.). Vienna, VA: Management Concepts.
Supplemental Resources
Weigelt, M. (2010, Aug. 10). Despite more competition, single-bid contracts stay steady. Washington
Technology. Retrieved from http://washingtontechnology.com/articles/2010/08/25/gao-single-bidcontract-competitions.aspx?sc_lang=en
Weigelt, M. (2010, July 8). High-risk fed contracts are on the decline. Washington Technology. Retrieved
from http://washingtontechnology.com/articles/2010/07/08/2010-2009-contracting-numbers.aspx
COURSE LEARNING OUTCOMES
1. Determine the characteristics of government contracting that affect pricing and what is considered
fair and reasonable pricing.
2. Outline the process to forecast the likely price of an acquisition, calculate semi-variable costs,
and allocate direct and indirect costs.
3. Examine the various cost classifications, the different allocation bases, and the application of
cost-accounting standards.
4. Determine how to validate costs and certify cost and pricing data.
5. Specify the government policies regarding profit and pricing adjustments for contracts.
6. Evaluate the role played by contract auditors.
7. Use technology and information resources to research issues in cost and price analysis.
8. Write clearly and concisely about cost and price analysis using proper writing mechanics.
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work.
This includes preparation, activities, and evaluation regardless of delivery mode.
Certain discussions are tied to scenarios. Please view these scenarios prior to participating in the related
discussions.
Week
1
Preparation, Activities, and Evaluation
Points
Preparation

Reading(s)
o Chapter 1: Basic Pricing Policy and Concepts

Scenario
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 1 of 21
BUS 315 – Cost and Price Analysis
Activities

Introduction Discussion
 Discussions
Evaluation

2
20
20
None
Preparation

Reading(s)
o Chapter 2: Contracting Methods and Contract Types: Pricing
Implications

Scenario

e-Activity
o Research on the Internet to find at least one (1) project where
either a fixed-price or cost-reimbursement contract was
successfully used in a federal contract. Study the characteristics
of the project that may have influenced the use of that particular
contract type. Be prepared to discuss.
Activities
 Discussions
Evaluation

3
20
None
Preparation

Reading(s)
o Chapter 3: Price Analysis

e-Activity
o Read the article titled “The Fundamentals of Price and Cost
Analyses”, located at
http://www.thomasnet.com/articles/engineeringconsulting/price-cost-analysis, and take note of “An Overview
of Price Analysis”. Be prepared to discuss.
 Scenario
Activities
 Discussions
Evaluation

4
Assignment 1: Proposal
20
150
Preparation

Reading(s)
o Chapter 4: Cost Principles and Cost Classifications

Scenario

e-Activities
o Use the Internet or the Strayer Library to research articles
detailing the ways in which businesses utilize cost principles,
focusing on the various cost classifications that are used. Be
prepared to discuss.
o Use the Internet or the Strayer Library to research articles
discussing predictions on various costs for different
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 2 of 21
BUS 315 – Cost and Price Analysis
companies. Be prepared to discuss.
Activities
 Discussions
Evaluation

5
Assignment 2: Price Analysis for the Navigation System
20
150
Preparation


Reading(s)
o Chapter 5: Obtaining Cost or Pricing Data
e-Activity
o Use the Internet or the Strayer Library to research articles on
predictions on various costs for different companies. Be
prepared to discuss.
 Scenario
Activities
 Discussions
Evaluation

6
20
None
Preparation

Reading(s)
o Chapter 6: Analysis of Direct Labor Costs

Scenario

e-Activity
o Watch the video titled “Business Calculations & Accounting: How
to Calculate Direct Labor Cost” (56 seconds). Be prepared to discuss.
Video Source: YouTube (2009, July 9). Business Calculations &
Accounting: How to Calculate Direct Labor Cost [Video file].
Retrieved from

This video can be viewed from within your online course
shell.
Activities
 Discussions
Evaluation

7
Assignment 3: Buy American Requirements
20
240
Preparation

Reading(s)
o Chapter 7: Analysis of Direct Material and Other Direct Costs
Activities

Scenario

e-Activity
o Use the Internet or the Strayer Library to research articles
discussing predictions on the indirect costs for different
companies. Be prepared to discuss.
Activities
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 3 of 21
BUS 315 – Cost and Price Analysis
 Discussions
Evaluation

8
20
None
Preparation

Reading(s)
o Chapter 8: Analysis of Indirect Costs

Scenario

e-Activity
o Use the Internet or the Strayer Library to research articles on
overhead costs for companies like VectorCal. Focus on the
processes that are involved in calculating these overhead
costs. Be prepared to discuss.
Activities
 Discussions
Evaluation

9
Assignment 4: Analysis of Direct Costs
20
150
Preparation

Reading(s)
o Chapter 9: Facilities Capital Cost of Money
 Scenario
Activities
 Discussions
Evaluation

10
20
None
Preparation

Reading(s)
o Chapter 10: Profit or Fee Determination
o Chapter 11: Pricing Equitable Adjustments for Contract
Changes
o Chapter 12: Contract Pricing: The Role of Auditors

Scenario

e-Activity
o Use the Internet or the Strayer Library to research articles
discussing companies that failed to fulfill the profit provisions
of their government contract, focusing on the end result of the
company in question. Be prepared to discuss.
Activities
 Discussions
Evaluation

11
Assignment 5: Federal Contracting Activities and Contract Types
20
240
Preparation
 Reading(s): None
Activities
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 4 of 21
BUS 315 – Cost and Price Analysis
 Discussions
Evaluation

20
None
GRADING SCALE – UNDERGRADUATE
Total Points
% of
Grade
Assignment 1: Proposal
150
13%
Assignment 2: Price Analysis for the Navigation System
150
13%
Assignment 3: Buy American Requirements
240
20%
Assignment 4: Analysis of Direct Costs
150
13%
Assignment 5: Federal Contracting Activities and Contract Types
240
20%
Participation
(1 Introduction Discussion worth 20 points)
(22 discussions worth 10 points apiece)
240
21%
1,170
100%
Assignment
Total
Points
Percentage
Grade
1,053 – 1,170
90% – 100%
A
936 – 1,052
80% – 89%
B
819 – 935
70% – 79%
C
702 – 818
60% – 69%
D
Below 702
Below 60%
F
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 5 of 21
BUS 315 – Assignments and Rubrics
Assignment 1: Proposal
Due Week 3 and worth 150 points
Note: Refer to scenarios and readings from previous weeks in order to complete this assignment.
Imagine that you just created a new start-up company. You want to compete in the growing industry of
drone navigation systems. VectorCal is the only major company in the field. You also want to be a leaner,
faster version of a company that you view as being too slow and costly. Note: You may create and / or
make all necessary assumptions needed for the completion of this assignment.
Write a two to three (2-3) page paper in which you:
1. Describe the new start-up company that you have created. Include in your description the nature
of your company, its mission and vision, your company’s product, an analysis of your staff, and
your target clientele.
2. Criticize VectorCal’s forecasting method. Determine the appropriate forecasting approach for your
company. Provide a rationale to support the determination.
3. Suggest the semi-variable, allocated, and indirect costs that you should address in the start-up
phase of your company. Provide a rationale to support the response.
4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites
do not qualify as quality resources.
Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format. Check with your
professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are not included in
the required assignment page length.
The specific course learning outcomes associated with this assignment are:

Determine the characteristics of government contracting that affect pricing and what is considered
fair and reasonable pricing.

Outline the process to forecast the likely price of an acquisition, calculate semi-variable costs,
and allocate direct and indirect costs.

Use technology and information resources to research issues in cost and price analysis.

Write clearly and concisely about cost and price analysis using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and
language and writing skills, using the following rubric.
Points: 150
Criteria
1. Describe the new
start-up company that
you have created.
Assignment 1: Proposal
Unacceptable
Below 60% F
Did not submit or
incompletely
described the
Meets
Minimum
Expectations
60-69% D
Insufficiently
described the
new start-up
Fair
70-79% C
Proficient
80-89% B
Exemplary
90-100% A
Partially
described the
new start-up
Satisfactorily
described the
new start-up
Thoroughly
described the
new start-up
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 6 of 21
BUS 315 – Assignments and Rubrics
Include in your
description the nature of
your company, its
mission and vision, your
company’s product, an
analysis of your staff,
and your target clientele.
Weight: 25%
new start-up
company that
you have
created. Did not
submit or
incompletely
included in your
description the
nature of your
company, its
mission and
vision, your
company’s
product, an
analysis of your
staff, and your
target clientele.
company that
you have
created.
Insufficiently
included in
your
description the
nature of your
company, its
mission and
vision, your
company’s
product, an
analysis of
your staff, and
your target
clientele.
company that
you have
created.
Partially
included in
your
description the
nature of your
company, its
mission and
vision, your
company’s
product, an
analysis of
your staff, and
your target
clientele.
company that
you have
created.
Satisfactorily
included in
your
description the
nature of your
company, its
mission and
vision, your
company’s
product, an
analysis of
your staff, and
your target
clientele.
company that
you have
created.
Thoroughly
included in
your
description the
nature of your
company, its
mission and
vision, your
company’s
product, an
analysis of
your staff, and
your target
clientele.
2. Criticize VectorCal’s
forecasting method.
Determine the
appropriate forecasting
approach for your
company. Provide a
rationale to support the
determination.
Weight: 25%
Did not submit or
incompletely
criticized
VectorCal’s
forecasting
method. Did not
submit or
incompletely
determined the
appropriate
forecasting
approach for your
company; and
did not submit or
incompletely
provided a
rationale to
support the
determination.
Insufficiently
criticized
VectorCal’s
forecasting
method.
Insufficiently
determined the
appropriate
forecasting
approach for
your company.
Did not submit
or incompletely
provided a
rationale to
support the
determination.
Partially
criticized
VectorCal’s
forecasting
method.
Partially
determined the
appropriate
forecasting
approach for
your company.
Partially
provided a
rationale to
support the
determination.
Satisfactorily
criticized
VectorCal’s
forecasting
method.
Satisfactorily
determined
the
appropriate
forecasting
approach for
your company.
Satisfactorily
provided a
rationale to
support the
determination.
Thoroughly
criticized
VectorCal’s
forecasting
method.
Thoroughly
determined the
appropriate
forecasting
approach for
your company.
Thoroughly
provided a
rationale to
support the
determination.
3. Suggest the semivariable, allocated, and
indirect costs that you
should address in the
start-up phase of your
company. Provide a
rationale to support the
response.
Weight: 35%
Did not submit or
incompletely
suggest the
semi-variable,
allocated, and
indirect costs that
you should
address in the
start-up phase of
your company.
Did not submit or
incompletely
provided a
rationale to
support the
response.
Insufficiently
suggested the
semi-variable,
allocated, and
indirect costs
that you should
address in the
start-up phase
of your
company.
Insufficiently
provided a
rationale to
support the
response.
Partially
suggested the
semi-variable,
allocated, and
indirect costs
that you should
address in the
start-up phase
of your
company.
Partially
provided a
rationale to
support the
response.
Satisfactorily
suggested the
semi-variable,
allocated, and
indirect costs
that you
should
address in the
start-up phase
of your
company.
Satisfactorily
provided a
rationale to
support the
response.
Thoroughly
suggested the
semi-variable,
allocated, and
indirect costs
that you
should
address in the
start-up phase
of your
company.
Thoroughly
provided a
rationale to
support the
response.
4. 3 references
Weight: 5%
No references
provided
Does not meet
the required
number of
references; all
references
Does not meet
the required
number of
references;
some
Meets number
of required
references; all
references
high quality
Exceeds
number of
required
references; all
references
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 7 of 21
BUS 315 – Assignments and Rubrics
poor quality
choices.
5. Clarity, writing
mechanics, and
formatting requirements
Weight: 10%
More than 8
errors present
7-8 errors
present
references
poor quality
choices.
5-6 errors
present
choices.
high quality
choices.
3-4 errors
present
0-2 errors
present
©2015 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
BUS 315 Student Guide 1156 (05-15-2015)
Page 8 of 21
BUS 315 – Assignments and Rubrics
Assignment 2: Price Analysis for the Navigation System
Due Week 4 and worth 150 points
In order to complete this assignment, refer to the scenario from Assignment 1, as well as to the scenarios
and readings from previous weeks.
Write a two to three (2-3) page paper in which you:
1. Analyze your company’s cost classification for pricing of the navigation system. Defend your cost
classification to the U.S. government.
2. Determine reasonable, allowable, allocable, variable, fixed, and semi-variable costs for your
company after the initial start-up phase is complete.
3. Predict the method for performing price analysis that the U.S. government will want from your
new company and VectorCal. Justify the response.
4. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites
do not qualify as quality resources.
Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format. Check with your
professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s
name, the course title, and the date. The cover page and the reference page are not included in
the required assignment page length.
The specific course learning outcomes associated with this assignment are:

Examine the various cost classifications, the different allocation bases, and the application of
cost-accounting standards.

Use technology and information resources to research issues in cost and price analysis.

Write clearly and concisely about cost and price analysis using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and
language and writing skills, using the following rubric.
Points: 150
Criteria
1. Analyze your
company’s cost
classification for pricing
of the navigation
system. Defend your
cost classification to the
U.S. government.
Weight: 25%
Assignment 2: Price Analysis for the Navigation System
Unacceptable
Below 60% F
Meets
Minimum
Expectations
60-69% D
Fair
70-79% C
Proficient
80-89% B
Exemplary
90-100% A
Did not submit or
incompletely
analyzed your
company’s cost
classification for
pricing of the
navigation
system. Did not
submit or
incompletely
defended your
cost classification
Insufficiently
analyzed your
company’s cost
classification
for pricing of
the navigation
system.
Insufficiently
defended your
cost
classification to
the U.S.
Partially
analyzed your
company’s
cost
classification
for pricing of
the navigation
system.
Partially

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