CLC 056 TEST EXAM|COMPLETE QUESTIONS WITH CORRECT ANSWERS - LATEST UPDATE 2026/2027

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CLC 056 TEST EXAM|COMPLETE QUESTIONS WITH CORRECT
ANSWERS - LATEST UPDATE 2026/2027


1) Which of these statements below is correct regarding the criteria for classifying a special test e
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quipment cost as an "other direct cost”? [Determine if the other direct costs are properly proposed]
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Engineered, designed, fabricated, or modified to meet specific contract needs and cannot be us
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ed for other contracts
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An item (e.g., fixture, pattern, or gauge) that is necessary in aiding the development of a uni
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que product
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Engineered, designed, fabricated, or modified to meet not only the requirements of the current c
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ontract but also the requirements of all other contracts
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Developed and engineered by a subcontractor who is not currently working on another con
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tract


2) Which of the following is a phase in the allocation cycle?
sd sd sd sd sd sd sd sd sd sd s d [Identify the cost allocation cycle]sd sd sd sd




Final Allocation Phase Interi
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m Processing Phase Adjust
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ment on Rates Phase sd sd sd




Continuous Rate Application Phase sd sd sd




3) When using simple linear regression to analyze the estimated price for a used car, which of the f
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ollowing independent variables would most likely result in the most accurate estimating equation?
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s d [Identify contract pricing situations where simple regression analysis should be considered]
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Mileage of all similar cars Interi sd sd sd sd sd




or color of all similar cars Body
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style of all similar cars Exterior
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color of all similar cars
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4) After completing the five-step Least-Best-Squares-
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Fit (LBSF) process in developing a regression equation, you must evaluate which two aspects of t
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he equation? [Identify the steps for using simple regression analysis]
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"Goodness" of the fit and statistical significance sd sd sd sd sd sd sd




Coefficient of determination and the median Predi sd sd sd sd sd sd




ction interval and significance level Standard erro
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r of the estimate and the mean
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5) How is the Treasury Rate applied in calculating Facilities Capital Cost of Money (FCCOM)?
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[Recognize elements affecting facilities capital cost of money]
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Divided into the FCCOM total amount sd sd sd sd sd




Treasury rate is not used in calculating FCCOM M sd sd sd sd sd sd sd sd




ultiplied by the FCCOM total amount sd sd sd sd sd




Divided by the Weighted Guidelines profit objective
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6) Which of the following is a factor that affects profit/fee calculations?
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s d [Identify the factors affecting profit/fee analysis]
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Contract type sd




Distribution of equipment percentage Ma sd sd sd sd




gnitude of the contract in dollars sd sd sd sd sd




Profit/fee percentage historically paid to contractor sd sd sd sd sd




7) What is the “base” that used in the calculation of the performance risk, contract type risk, and c
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ost efficiency factor when using the weighted guidelines to determine a profit/fee objective? [–
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Develop a pre-negotiation position for profit or fee that is fair and reasonable.]
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Total costs Subtot sd sd




al of costs Total pr
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ice


Direct and Indirect costs sd sd sd




8) Each Price Negotiation Memorandum must contain which of the following?
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s d [Identify the key characteristics of a price negotiation memorandum]
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Statement that the price is fair and reasonable State sd sd sd sd sd sd sd sd




ment that the FAR was consistently followed Signatu
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re of the Contract Specialist
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Signature of the Legal Counsel sd sd sd sd




9) Which of the following situations are considered exempt from the submission of Certified Cost
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or Pricing Data? [Determine if an exception to the Truth-in-Negotiations Act applies]
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Prices are set by law or regulation sd sd sd sd sd sd




Sole source acquisition of $3.5M FFP effort; price determined using cost analysis
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Price may be determined fair and reasonable based on price analysis proposal techniques
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Non-commercial modification of a commercial item. Modification funded by DoD and sd sd sd sd sd sd sd sd sd sd




constitutes 5% of value of modification sd sd sd sd sd




10) Who has the authority to waive CAS applicability for a particular contract?
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s d [Identify the exemptions to Cost Accounting Standards (CAS) coverage]
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The Agency Head sd sd




A level above the contracting officer
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The Contracting Officer's Representative
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The Cognizant Federal Agency Official
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11) When a contract is subject to CAS, the Contracting Officer: [Determine the level
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of CAS coverage that applies] [Remediation Accessed :N] sd sd sd sd s d sd sd




May not award a contract until a written adequacy determination has been made by the Cog
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nizant Federal Agency Officialsd sd sd




May not award a contract until the cognizant Program Office official has conducted a review of the
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d disclosure statement for adequacy and compliance sd sd sd sd sd




May not award a contract until a written adequacy determination has been made by the Cognizan
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t Federal Agency Official unless approved as mission critical at least one level above the contractin
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g officersd




Is responsible only for ensuring the appropriate provisions are included in the solicitation. All oth
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er responsibilities for CAS are conducted by the ACO
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12) The cost accounting systems that are used by a contractor manufacturing a n
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umber of identical units for multiple customers are: [Identify the two commonly used
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systems for cost sd sd

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https://learn.dau.mil/Atlas2/html/testengine/TestGeneration/test_review.jsp 9/8/2017