Review Test Submission: Exam 2 CON 170| GRADED SOLUTION

Review Test Submission: Exam 2 CON 170 [REVIEW TEST SUBMISSION: EXAM 2 CON 170   Review Test Submission: Exam 2 CON 170 User Course CON170_20055-Virtual Instructor-Led Training;06/16/2020 08:00 AM- Test Exam 2 CON 170 Started 6/25/20 9:05 AM Submitted 6/25/20 10:40 AM Status Completed Attempt Score Grade not available. Time Elapsed 1 hour, 35 minutes out of 2 hours and 30 minutes Results Displayed Submitted Answers, Incorrectly Answered Questions • Question 1 4 out of 4 points Given the following excerpt from the DD Form 1861, calculate the Facilities Capital Cost of Money Amount for Material Overhead: Column 6a Column 6b Column 6c Facilities Capital Cost of Money Pool Allocation Base Factor Amount Material Overhead $354,549 0.00008 Manufacturing Overhead $869,974 0.05893 G&A $1,846,994 0.00221 Selected Answer: a. $28.3 6 • Question 2 You are negotiating a $1 million, 8(a) sole-source (non- competitive), FFP contract for a noncommercial item. The price is not set by law or regulation. Is certified cost or pricing data required? 0 out of 4 points Selected a. Answer: Ye s • Question 3 4 out of 4 points In comparing methods for calculating G&A, a G&A rate based on , will always be higher because the allocation base is with the subtraction of materials and subcontracts. Selected Answer: a. Value Added; lower • Question 4 4 out of 4 points Generally, rates such as G&A are calculated by dividing a pool of costs by a base of costs. Therefore, if the base of costs increases and the pool remains the same, the rate will: Selected Answer: a. Decrea se • Question 5 In establishing the length factor for a Weighted Guidelines calculation, the contracting officer must use the entire contract period of performance. 4 out of 4 points Selected Answer: Fals e • Question 6 Which of the following proposal analysis techniques shall be performed in evaluating cost-reimbursement contracts to determine the most probable cost for each? 4 out of 4 points Selected Answer: a. Cost Realism Analysis • Question 7 0 out of 4 points By the Weighted Guidelines method, when negotiating profit for an undefinitized contract action (UCA), the more work the contractor has accomplished before definitizing the UCA, the the contract type risk factor, and therefore, the the contract profit objective will be. Selected Answer: [None Given] • Question 8 A landscaping contractor is installing landscaping for a 4 out of 4 points building on base. Which choice below lists direct costs for this contract? Selected Answer: d. Trees and shrubs, landscaping project planning labor, landscaping installation labor • Question 9 You are negotiating a $2.1 million, 8(a) sole-source (non- competitive), FFP contract for a noncommercial item. The price is not set by law or regulation, and the PCO has no reason to pursue a TINA waiver. Which of the following is the most appropriate? 4 out of 4 points Selected Answer: d. Cost Analysis • Question 10 Which price-related factor provides a price evaluation adjustment to promote HUBZONE businesses in a small business set-aside procurement? 4 out of 4 points Selected Answer: a. None of these. • Question 11 In DoD contracting, for a contract that was competitively 4 out of 4 points awarded, what method should you use to negotiate profit on a subsequent contract modification that requires certified cost or pricing data? Selected Answer: a. A structured approach, i.e. the weighted guidelines, should be used. • Question 12 You intend to provide your technical team leader counsel on writing a technical evaluation. What are the minimum required elements of a technical analysis? 4 out of 4 points Selected Answer: b. Types and quantities of material, types and quantities of labor hours, and labor mix • Question 13 4 out of 4 points Considering the relationship of a company's business base to indirect cost rates, which of the following is TRUE? Selected Answer: c. If a company’s business base forecast is PESSIMISTIC, this will generally result in HIGHER indirect cost rates. • Question 14 Which combination of price analysis techniques listed, includes both of those that are preferred, according to the FAR? 4 out of 4 points Selected Answer: d. Comparison of proposed prices received in response to the solicitation AND Comparison of proposed prices to historical prices paid, whether by the Government or other than the Government, for the same or similar items. • Question 15 Which of the following is FALSE regarding defective pricing? 4 out of 4 points Selected Answer: a. Defective pricing can only exist when the contractor knowingly and willfully submitted fraudulent certified cost or pricing data. • Question 16 0 out of 4 points As a DoD contract specialist, you are analyzing a FFP contract proposal for $2,100,000, solicited under full and open competition, for a noncommercial hovercraft. Per DoD regulation and guidance, you’ve solicited for the appropriate timelines, but only 1 offer was received. No other exceptions to TINA apply. Which type(s) of analysis would you perform? Selected Answer: [None Given] • Question 17 Which of the following statements is FALSE? 4 out of 4 points Selected Answer: c. As established in Cost Accounting Standards (CAS), DCAA holds Cognizant Federal Agency Official authority. • Question 18 Given the following responses from a multiple-award task 4 out of 4 points order solicitation (where the Government can award to one or more offerors), select the award strategy that results in the lowest overall cost to the Government. Item Bidder 1 Bidder 2 1 $60,000 $61,500 2 $72,000 $70,500 3 $42,000 $43,500 Total $174,000 $175,500 Selected Answer: c. Award Items 1 and 3 to Bidder 1, and Item 2 to Bidder 2. • Question 19 Select the situation where price indexing would be the best quantitative technique to use. 4 out of 4 points Selected Answer: b. When comparing historical pricing data to currently proposed prices. • Question 20 Based on their total sales forecast for the coming year, a company is expecting to incur $70,000 in material and subcontracts, $120,000 in direct engineering labor, and $80,000 in direct manufacturing labor. The company's total 4 out of 4 points expected indirect expense of $360,300 consists of: $10,000 in indirect material O/H expenses; $125,000 in indirect engineering O/H expenses; $168,000 in indirect manufacturing O/H expenses; and $57,300 in G&A expenses. Assume the company uses direct material and labor costs to allocate their respective overheads and a TCI base to allocate G&A. Which choice below provides ALL of the correct rates for Material OH, Engineering OH, Manufacturing OH, and G&A (in that same order)? Selected Answer: a. 14%, 104%, 210%, 10% • Question 21 If cost or price analysis techniques indicate that an offer is unbalanced, the contracting officer SHALL: 4 out of 4 points Selected Answer: a. Consider the risks to the Government associated with the unbalanced pricing in determining the competitive range and in making the source selection decision. • Question 22 DoD Contracting Officers CAN allow contractors to charge profit on G&A expenses. 4 out of 4 points Selected Answer: Tru e • Question 23 4 out of 4 points Per FAR Subpart 15.4, field pricing assistance is generally able to provide all of the following except: Selected Answer: b. A certification that a proposed price is fair and reasonable for the Contracting Officer. • Question 24 Per FAR’s Instructions for Submitting Cost/Price Proposals When Certified Cost or Pricing Data (“Table 15-2”), when a contractor is required to provide certified cost and pricing data, it must provide breakdowns for which of the following basic cost elements, as applicable: 4 out of 4 points Selected Answer: b. Materials and services, Direct labor, Facilities Capital Cost of Money (FCCOM) • Question 25 Which of the following best defines price-related factors? 4 out of 4 points Selected Answer: b. Factors required by law or regulation which require the Contracting Officer to adjust an offeror’s proposed price for evaluation purposes before selecting a successful offer for award. Thursday, June 25, 2020 10:40:59 AM EDT