Question: Explain the use and application of a contract audit. 2. Explain a contractor's estimating and accounting systems. 3. Calculate a cost objective for direct material,

Explain the use and application of a contract audit. 2. Explain a contractor's estimating and accounting systems. 3. Calculate a cost objective for direct material, direct labor, other direct costs, indirect costs, facilities cost of money, and profit/fee. 4. Calculate a price and cost objective using simple regression analysis, learning curve analysis, and statistics. 5. Explain the process for conducting contract negotiations

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