Clc056 exam - Study guides, Class notes & Summaries

CLC056 EXAM (Analyzing Contract Costs Exam)__ QUESTIONS AND ANSWERS __ Defense Acquisition University

CLC056 Exam06_Analyzing Contract Costs What are six "Proposal Analysis Techniques?" - CORRECT ANSWER - 1. Price Analysis 2. Cost Analysis 3. Cost Realism Analysis 4. Technical Analysis 5. Unit Prices 6. Unbalanced Pricing What is a "Price Analysis?" - CORRECT ANSWER - The process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. Use when: Certified cost or pricing data are not required. What is a "Cost An...

CLC056 Analyzing Contract Costs Exam _ Defense Acquisition University

CLC 056 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 questions 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 contract wor...

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 "other dire...

Identify the formula for calculating indirect cost rates. [Identify the process of calculating indirect cost rates] Expense Pool divided by Allocation Base Allocation Base divided by Expense Pool Overhead Rate multiplied by Allocation Base Allocation Base multiplied by Expense Pool Final Allocation Phase Beginning Payment Phase Forward Pricing Phase Billing Phase Indirect cost rate analysis Labor classification analysis Facilities Capital Cost of Money calculation Profit...

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 ...

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 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 ...

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...