CLC 056 Analyzing Contract
Costs Exam Study Guide:
GRADED A+. Questions and
Verified Answers. Latest 2026
Update
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 modification
2. When given a set of data that appears to contain outliers, which measure of central tendency
is most appropriate to use?
• Median
• Coefficient of Determination
• Mean
• Mode
3. What is an important driver to a successful negotiation?
• Listen to understand
• Ensure your position is heard
• Maintain position of power
• Obtain the lowest price for the government
4. Which of the following would be a proper method of determining the reasonableness of a
contractor’s proposed labor hour estimate?
• Compare proposed hours with a Government should-cost estimate
• Compare proposed hours with all other contracts from the same contractor
• Decrement labor hours estimate according to DCAA standard decrement
• Use a stratified sampling techniques to evaluate contractor’s labor hour estimate
5. Which of the following situations would exempt a contract or subcontract from CAS
This study source was downloaded by 100000868288069 from CourseHero.com on 07-28-2023 12:15:47 GMT -05:00
https://www.coursehero.com/file/51760938/CLC-056-Analyzing-Contract-Costs-Examdocx/
, coverage?
• The contract or subcontract is with a small business
• Value of the contract or subcontract is $7.5M or less
• The Economic Price Adjustment clause for a commercial item is based on an index
formulated with a contractor’s historical cost data
• Sole source firm fixed price contract requiring submission of cost or pricing data
6. True or False: “Direct labor positions” share the same titles and pay levels.
• True
• False
7. Which situation below would you use improvement curve analysis to evaluating proposed
costs?
• Assembly line with high proportion of manual labor
• Fabrication plant that generates 100,000 units per month
• Production facility specializing in “one-off” or unique item production
• Fully automated assembly line
8. Using a direct comparison with the cost of a similar contract effort is an acceptable summary
This study source was downloaded by 100000868288069 from CourseHero.com on 07-28-2023 12:15:47 GMT -05:00
https://www.coursehero.com/file/51760938/CLC-056-Analyzing-Contract-Costs-Examdocx/
Costs Exam Study Guide:
GRADED A+. Questions and
Verified Answers. Latest 2026
Update
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 modification
2. When given a set of data that appears to contain outliers, which measure of central tendency
is most appropriate to use?
• Median
• Coefficient of Determination
• Mean
• Mode
3. What is an important driver to a successful negotiation?
• Listen to understand
• Ensure your position is heard
• Maintain position of power
• Obtain the lowest price for the government
4. Which of the following would be a proper method of determining the reasonableness of a
contractor’s proposed labor hour estimate?
• Compare proposed hours with a Government should-cost estimate
• Compare proposed hours with all other contracts from the same contractor
• Decrement labor hours estimate according to DCAA standard decrement
• Use a stratified sampling techniques to evaluate contractor’s labor hour estimate
5. Which of the following situations would exempt a contract or subcontract from CAS
This study source was downloaded by 100000868288069 from CourseHero.com on 07-28-2023 12:15:47 GMT -05:00
https://www.coursehero.com/file/51760938/CLC-056-Analyzing-Contract-Costs-Examdocx/
, coverage?
• The contract or subcontract is with a small business
• Value of the contract or subcontract is $7.5M or less
• The Economic Price Adjustment clause for a commercial item is based on an index
formulated with a contractor’s historical cost data
• Sole source firm fixed price contract requiring submission of cost or pricing data
6. True or False: “Direct labor positions” share the same titles and pay levels.
• True
• False
7. Which situation below would you use improvement curve analysis to evaluating proposed
costs?
• Assembly line with high proportion of manual labor
• Fabrication plant that generates 100,000 units per month
• Production facility specializing in “one-off” or unique item production
• Fully automated assembly line
8. Using a direct comparison with the cost of a similar contract effort is an acceptable summary
This study source was downloaded by 100000868288069 from CourseHero.com on 07-28-2023 12:15:47 GMT -05:00
https://www.coursehero.com/file/51760938/CLC-056-Analyzing-Contract-Costs-Examdocx/
