CLC 056 Analyzing
Contract Costs Exam
, CLC 056 Analyzing Contract Costs Exam
Q&A 100% Pass | Rated A+
When is it most appropriate to document or model a contractor's proposal? -
✔✔- When the value, importance, and complexity warrant the modeling.
The first step when conducting stratified sampling is to identify the population
of items to be sampled. - ✔✔- True
True or False: The national average mortgage rate is used in calculating Facilities
Capital Cost of Money (FCCOM) - ✔✔- False
Using a direct comparison with the cost of a similar contract effort is an
acceptable summary estimating technique. - ✔✔- True
Which of the following situations would exempt a contract or subcontract from
CAS coverage? - ✔✔- The contract or subcontract is with a small business.
True or False: Special test equipment that is engineered, designed, fabricated,
or modified to meet specific contract needs and cannot be used for other
contracts can be categorized as "other direct costs". - ✔✔- True
A "questioned cost" is one that has not yet been evaluated. - ✔✔- False
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
Contract Costs Exam
, CLC 056 Analyzing Contract Costs Exam
Q&A 100% Pass | Rated A+
When is it most appropriate to document or model a contractor's proposal? -
✔✔- When the value, importance, and complexity warrant the modeling.
The first step when conducting stratified sampling is to identify the population
of items to be sampled. - ✔✔- True
True or False: The national average mortgage rate is used in calculating Facilities
Capital Cost of Money (FCCOM) - ✔✔- False
Using a direct comparison with the cost of a similar contract effort is an
acceptable summary estimating technique. - ✔✔- True
Which of the following situations would exempt a contract or subcontract from
CAS coverage? - ✔✔- The contract or subcontract is with a small business.
True or False: Special test equipment that is engineered, designed, fabricated,
or modified to meet specific contract needs and cannot be used for other
contracts can be categorized as "other direct costs". - ✔✔- True
A "questioned cost" is one that has not yet been evaluated. - ✔✔- False
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
