CLC 056 EXAM QUESTIONS AND ANSWERS
1. In which of the following phases does the contractor determine actual indirect cost rates?
Final allocation phase
2. Given the improvement curve data, calculate the cost objective for unit #8.
a. Labor hours for unit #4: 120 hours
b. Labor hours for unit #...
clc 056 exam questions and answers 1 in which of the following phases does the contractor determine actual indirect cost rates final allocation phase 2 given the improvement curve data
CLC 056 EXAM QUESTIONS AND ANSWERS
1.In which of the following phases does the contractor determine actual indirect cost rates?
Final allocation phase
2.Given the improvement curve data, calculate the cost objective for unit #8.
a.Labor hours for unit #4: 120 hours
b.Labor hours for unit #1: 160 hours
c.Rate of improvement: 10%
d.Improvement curve slope: 90%
108
3.Select the item below that would likely be categorized as a Direct Material cost.
The purchase of 104 motor assemblies needed to manufacture vehicles
4.How may you request an audit?
All of these are correct
5.When calculating the confidence interval, the sample standard deviation is used to derive the standard error of
mean.
True
6.When the Contracting Officer has relied on certified cost or pricing data in the price determination, which of the
following are true?
They must certify that they relied on that certified cost data in the Price Negotiation Memorandum
7.The pre-negotiation objective establishes the government's initial negotiation position and assists the
contracting officer in determining a fair and reasonable price. How does proposal modeling assist the
contracting officer in achieving these objectives? (Choose all that apply)
CHECK ALL
8.For which of the following procurements would you require certified cost or pricing data?
An offer of $2.1 million for an item from the only known source of an electronic system unique to
Government requirements
9.Which of the following are factors used in calculating the Facilities Capital Cost of Money (FCCOM) amount?
Proposal allocation base amounts
10.When is it most appropriate to document or model a contractor’s proposal?
When the value, importance, and complexity warrant the modeling
11.Which of the following is the preferred method for determining if a proposed cost is reasonable?
Comparing with other competitive proposals received in response to the solicitation
12.Which regression method assumes a linear relationship between the dependent and independent variables?
Simple linear regression 13.Identify the correct definition of “Cost Analysis”
The review and evaluation of individual cost elements and proposed profit/fee in an offeror’s proposal?
14.Given the following data, calculate the standard deviation. Sample data: 13, 12, 9, 15, 11, 16, 17, 8, 12, 7, 12
3.19
15.Which of the following situations would the use of improvement curve analysis likely be useful in evaluating
proposed costs?
Assembly line repair of a turret assembly for an M1/A2 Abrams tank
16.The first step when conducting stratified sampling is to identify the populating of items to be sampled
True
17.When given a set of data that appears to contain outliers, which measure of central tendency is most
appropriate to use?
Median
18.Identify the response below that correctly describes the term "Data other than certified cost or pricing data".
All facts that prudent buyer and sellers would reasonably expect to affect price negotiations significantly and
are factual, not….
19.The purpose of an audit is to:
All of these are correct
20.Which of the following labor classifications most likely involves fashioning parts from raw materials or
purchased materials?
Fabrication
21.Which sampling technique is used to focus on high-value items?
Stratified
22.Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data?
Price are set by law or regulation
23.The moving average inventory pricing method is being used when a company recalculates inventory prices every
time that a new item is added to inventory.
True
24.The two cost accounting systems that are used by a contractor manufacturing a number of specifically
identifiable physical units and whose costs are normally accumulated under separate orders is:
Job Order Accounting
25.You are preparing to negotiate a service task for routine maintenance of Government equipment. A sample of
25 records for similar maintenance tasks indicates that the average time required to perform similar maintenance tasks has been six hours and 40 minutes. How can you use this
Developing a price negotiation objective for labor costs
26.Each Price Negotiation Memorandum must contain which one of the following?
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