Clc056 - Study guides, Class notes & Summaries

CLC 056 Analyzing Contract Costs Exam 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 or pricing data. c. The modification of any sealed ...

CLC 056 Analyzing Contract Costs Exam 100% 1. Which of the following situations are considered exempt from the submission of Certified Cost or 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 proposal techniques  Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of mod...

TEST – CLC 056 ANALYZING CONTRACT COSTS EXAM (87% = passed) 1. How do you apply the decrement factor if you find that the contractor appears to have overestimated the proposal prices? - Multiply the decrement factor by the total cost of all sampled items 2. A Disclosure Statement is required when Contractor receives a CAS covered contract or a subcontract valued at $60 million in a cost accounting period. - True 3. Which of the following would be a proper method of determining the re...

Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk? • Conduct adequate market research prior to entering negotiations Differentiate between the measures of central tendency and the methods for measuring dispersion When given a set of data that appears to contain outliers, which measure of central tendency is most appropriate to use? • Median Determine if an exception to the Truth-in-Negotiations Act applies Which of the foll...

Exam (elaborations) CLC 056 (7 sets for the final exams)Solved (CLC056) 1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed] Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other direct cost”? [Determine if the other direct co...

1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed] Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other direct cost”? [Determine if the other direct costs are properly proposed] Engineered, designed, fabricated, or modified ...

CLC 056 (7 sets for the final exams) Analyzing Contract Costs Exam Back to Status page contains 55 Questions 1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed] Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an

CLC056 Analyzing Contract Costs lesson 12 - Using Regression Analysis | 2022 LATEST UPDATE

CLC056 Analyzing Contract Cost s Lesson 3 - Cost Accounting Standards and Allowability

CLC056 Analyzing Contract Costs lesson 6 - Requesting Field Pricing Assistance | 2022 LATEST UPDATE