Which two statements are true regarding downward adjustment calculation for defective pricing on a firm fixed-price (FFP) contract?

Both parties must agree on each element of cost or the breakout between cost and profit.

Both parties must agree only at the bottom line.

The Government's considered negotiated direct and indirect rates and profit from the original negotiation would be applied to the difference between the defective data and the current, accurate, and complete data.

The Government's considered negotiated direct and indirect rates from the original negotiation, and the negotiated target profit and ceiling rates, would be applied to the difference between the defective data and the current, accurate, and complete data.