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In a fixed price incentive fee contract, the target cost is $100,000 and the target...

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Accounting

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In a fixed price incentive fee contract, the target cost is $100,000 and the target profit is 10%. A price ceiling has been set at $110,000. The share ratio percentage for the vendor is 30%. If the actual cost is $80,000, what is the overhead fee for this procurement? $10,000 $16,000 $6,000 $96,000

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