CLC 056 exam Analyzing Contract Costs Exam VERY CORRECT

Analyzing Contract Costs Exam (contains 55 questions)  Here is your test result.The dots represent the choices you have made.  The highlighted questions are the questions you have missed.  Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. 1.) Which of the following must be true to properly classify a cost as an “other direct cost”? The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work The contractor’s accounting system segregates “other direct costs” from similar indirect costs All of these 2.) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other direct cost”? Engineered, designed, fabricated, or modified to meet not only the requirements of the current contract but also the requirements of all other contracts Developed and engineered by a subcontractor who is not currently working on another contract An item (e.g., fixture, pattern, or gauge) that is necessary in aiding the development of a unique product Engineered, designed, fabricated, or modified to meet specific contract needs and cannot be used for other contracts 3.) What is the most comm