CLC 056 (CLC056)

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

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 ...

1) Which of the following is true about analyzing summary cost estimates? [Determine the fairness and reasonableness of summary level cost estimates] Using a direct comparison with the cost of a similar contract effort is an acceptable summary estimating technique  As the dollars and percentage of total costs increase, the emphasis on obtaining a detailed estimate decreases  The effects of price inflation are not considered in determining if direct com...

Given the following data, calculate the standard deviation. Sample data: 13, 12, 9, 15, 11, 16, 17, 8, 12, 7, 12 3.05 3.19 4.21 4.12 2) Who has the authority to waive CAS applicability for a particular contract? A level above the contracting officer The Agency Head The Contracting Officer's Representative The Cognizant Federal Agency Official 3) Which sampling technique is used to focus on high-value items? Stratified