Exam (elaborations)

CLC56 EXAM Analyzing Contract Costs Exam Questions And Answers( Rated A)

DAU Page lofli Analyzing Contract Costs Exam ~ Here is your test result.The dots represent the choices you have made. i The highlighted questions are the questions you have missed. ~ Remediation A ccessed shows whether you accessed those links.’N’ represents links not visited and ‘Y’ represents visited links. Back to Status page contains 55 Questions ~ 1) Which of the following must be true to properly classify a cost as an “other direct cost”? [Recognize concerns that affect the other direct costs proposedi [Remediation Accessed :N] OAll of these o The proposed cost benefits only the proposed contract work OThe offeror customarily treats similar costs as “other direct costs” under similar circumstances ®The contractor’s accounting system segregates “other direct costs” from similar indirect costs j 2) True or False: Special test equipment that is engineered, designed, fabricated, or modified to ‘V meet specific contract needs and cannot be used for other contracts can be categorized as “other direct costs.” [Determine if the other direct costs are properly proposedi ®True 0 False j 3) What is the most common base for calculating the General and Administrative (G&A) overhead ‘V rate? [Identify indirect cost pools and basesi ® Total of all costs 0 Total price o Other direct costs 0 Total management cost v 4) What two costs elements are required to calculate an indirect cost rate? [Identify the process of calculating indirect cost ratesi [Remediation Accessed :NJ o Expense pool and Allocation base OOverhead rate and Expense base QAllocation Pool and Expense base ®Allocation base and Overhead rate https ://IAtlas2/htmL/testengine/TestGeneration/test review.j sp 2/16/2018 DAU Page2ofll j 5) In which of the following phases does the contractor determine actual indirect cost rates? ~ identify the cost allocation cyclel ® Final Allocation Phase o Beginning Payment Phase C Proposal Phase OBilling Phase 6) Which of the following situations would you most likely employ linear regression techniques? ildentify what regression analysis isi [Remediation Accessed :N) o Estimating the cost of a new armored vehicle based on historical costs of similar procurements C Analyzing the accuracy of a should­cost analysis generated by a DCMA Industrial Engineer ® Calculating the mean cost of one individual unit in a production run of 10,000 units o Comparing the proposed costs of a new computer database with the historical costs of all recent contracts in your office j 7) Which regression method assumes a linear relationship between the dependent and “~ independent variables? Ildentifv the different repression analysis methodsi ®Simple linear regression o Local regression o Segmented regression o Curvilinear regression 8) Identify the situation where you would use simple linear regression. lidentify contract pricing situations where simple repression analysis should be consideredi [Remediation Accessed :N] o Direct cost analysis ® Labor classification analysis o Facilities Capital Cost of Money calculation OProfit objective calculation ~ 9) True or FaIse~ After completing the five­step Least­Best­Squares­Fit (LBSF) process when developing a regression equation, you must evaluate the “goodness” of the fit and the statistical significance. fldentify the steps for using simple repression analysisi [Remediation Accessed :N] ®False OTrue ~ 10) Which of the following situations would the use of improvement curve analysis likely be “ useful in evaluating proposed costs? fldentify situations where improvement curve analysis would be appropriatel [Remediation Accessed :N] QAssembly line repair of a turret assembly for an MIIA2 Abrams tank OAssembly of two new, prototype aerial refueling airplanes https ://