CLC056 Exam 4 (2) SOLVED 90% CORRECT FALL-2021 AID GRADE A+

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 objective calculation "Goodness" of the fit and statistical significance Coefficient of determination and the median Prediction interval and significance level Standard error of the estimate and the mean Assembly line with high proportion of manual labor Fully automated assembly line Production facility specializing in “one-off” or unique item production Fabrication plant that generates 100,000 units per month Collect the historical data Calculate the rate of improvement Calculate the slope of the curve Determine the Theoretical value of unit #1 Proposal allocation base amounts Percentage of land, building, and profit distributions Company-wide allocation base amounts Division-wide allocation base amounts 8) Which of the following statements is true concerning profit/fee calculations? [Identify the factors affecting profit/fee analysis] Profit/fee objectives are a product of risk Profit/fee is calculated differently depending on DPAS rating of the contract Profit/fee objectives are reduced by the cost efficiency factor Profit/Fee is calculated once for the basic contract and must not be recalculated on subsequent modifications On all fixed price contracts with progress payments On all fixed price contracts On all fixed price contracts with financing On all fixed price contracts with performance based payments 10) What would be the maximum fee you might negotiate for a cost plus fixed fee contract for advisory and assistance services contract? [– Develop a pre-negotiation position for profit or fee that is fair and reasonable.] 10% 1% 6% 15% 11) What is the single most important decision the Contracting Officer must make to mitigate cost risk? [Identify strategies to mitigate cost risk] Selection of contract type