Clc 056 final exam - Study guides, Class notes & Summaries

CLC 056 Analyzing Contract Costs Study Guide Exam Questions With Correct Answers According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? - ANSWER- Comparison of proposed prices received in response to the solicitation * How may you request an audit? - ANSWER- All of these are correct A "questioned cost" is one that has not yet been evaluated. - ANSWER- False * True or False: "Direct labor positions" share the same titles and pay l...

2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam QUESTIONS AND ANSWERS GRADED A 1. Identify the circumstances when cost analysis should be performed by answering the following question: “Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the following procurements? a. All of these are correct b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been required to furnish certified cost...

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%

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitute...

2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam QUESTIONS AND ANSWERS GRADED A 1. Identify the circumstances when cost analysis should be performed by answering the following question: “Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the following procurements? a. All of these are correct b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been required to furnish certified cost...

2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam QUESTIONS AND ANSWERS GRADED A 1. Identify the circumstances when cost analysis should be performed by answering the following question: “Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the following procurements? a. All of these are correct b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been required to furnish certified cost...

CLC 056 Final Exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the quest ions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contr...

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitut...

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitut...