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Exam (elaborations)

CLC 056 (7 sets for the final exams) / Defense Acquisition University CLC CLC 056. 2022 update

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Analyzing Contract Costs ExamHere 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' representsvisited links. Back to Status pagecontains 55 Questions1) Which of the following types of costs might be found both as direct costs and indirect costs,depending on the circumstance? [Recognize concerns that affect the other direct costs proposed]Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special testequipment cost as an "other direct cost”? [Determine if the other direct costs are properly proposed]Engineered, designed, fabricated, or modified to meet specific contract needs and cannot be used forother contracts An item (e.g., fixture, pattern, or gauge) that is necessary in aiding the development of a unique productEngineered, designed, fabricated, or modified to meet not only the requirements of the current contractbut also the requirements of all other contracts Developed and engineered by a subcontractor who is not currently working on another contract3) Which of the following is an indirect cost pool? [Identify indirect cost pools and bases] General and Administrative Expenses Direct material Assembly labor Manufacturing labor 4) What two costs elements are required to calculate an indirect cost rate? [Identify the process ofcalculating indirect cost rates] Expense pool and Allocation base Overhead rate and Expense base Allocation Pool and Expense base Allocation base and Overhead rate

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