AeA?
Report No. 59-12
December 8, 1958
Tor
A. A. Vergari, Director, Finance Division
San Francisco Operations Office
From:
J. He Mac Neill, Chief, Audit say?tae decee.
INTERIM AUDIT REPORT
UCLRL SUBCONTRACT NO. 108 WITH
COOPER DEVELOPMENT CORPORATION
Subject ¢
Symbol:
|
BEST COPY AVAILABLE
F RWW 2 1205-06
Costs incurred under Subcontract Noe 108 are audited on an assist
basis by the U. S. Navy Area Audit Office, Los Angeles, California.
Costs incurred from inception through February 28, 1958 which have
bean approved by the Navy are summarized below:
Direct Costs
Inception
3/1/57 -
$2,895.67
$198,007.42
through 2/28/57
Labor
Material
Oh oh
Other
2/ 28/ 58
145 5584.06
263.1
Manufactur
Overhead
Total
$200,903.09
sb 218 5h
23.
186.
$3,793.30
$658, 514672
RES HORSE
(1) 2,008.
saote
157,831.71
Mee
159,
840.1
822,148.15
General and
Administrative Over (1)
—
head
1
‘6
Bie Wisse Westie
e
0
8
e
(1) Overhead computation is based on following audited rates:
Manufacturing
General and
Administrative
PY ended 2/28/57
9.3
16.26%
FY _ended”2/28/58
7967
12.13%
Based upon the interim Navy audit, we find that costs incurred from
inception through February 2%, 1958 amounting to $922,114.44 are
reasonable and properly chargeable to Subcontract No. 108 in accordance with ite terms.