Time -- Payroll Expense Distribution -2
(3)
March 21, 1951
In some instances, we negotiate a contract with the
Navy or Army on a CPFF basis.
In such instances only
direct engineering production time and expenses are
chargeable to the respective CPFF job.
Overhead or
service items as described above are charged to the
administrative account Series 70, and not to the CPFF
job, as is the case with AEC CPFF jobs.
It is important for all concerned to digest and thoroughly understand the various types of contracts under which we operate. Careful
consideration is necessary to see that our basic financial and cost
records are adequately processed. If there is any doubt or question
as to the proper distribution of various items of cost, it is request-
ed that inquiry be made to Mr. R. L. Christopher regarding job 640; to
Mr. R. M. Chapman regarding Jobs 759 and 777; and to Mr. C. H. Thompson
regarding all lump sum contracts, whether with government or private
agencies.
11-62