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Analyzing Contract Costs Exam
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Page 1 of 9Analyzing Contract Costs Exam
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contains 39 Questions
1) Which of the following must be true to properly classify a cost as an “other direct cost”?
[Recognize concerns that affect the other direct costs proposed]
All of these
The proposed cost benefits only the proposed contract work
The offeror customarily treats similar costs as “other direct costs” under similar
circumstances
The contractor’s accounting system segregates “other direct costs” from similar indirect
costs
2) Which of the following is an indirect cost pool? [Identify indirect cost pools and bases]
General and Administrative Expenses
Direct material
Assembly labor
Manufacturing
labor
3) What two costs elements are required to calculate an indirect cost rate?
[Identify the
process of calculating indirect cost rates] [Remediation Accessed :N]
Expense pool and Allocation base
Overhead rate and Expense base
Allocation Pool and Expense base
Allocation base and Overhead
rate
4) In which of the following phases does the contractor determine actual indirect
cost rates?
[Identify the cost allocation cycle] [Remediation Accessed :N]
Final Allocation Phase
Beginning Payment
7/27/2016
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