CLC 056 EXAM SCRIPT FINAL PAPER 2026
COMPLETE QUESTIONS AND ANSWERS
◉ A cost is ALLOCABLE if it:
Answer: -Is distributed equally among the benefiting contracts
-Is incurred specifically for the contract being considered
-Results in an inequitable allocation costs.
◉ Given the following improvement curve data, calculate the cost
objective for unit #64. Labor hours for unit #32: 42,000 hours Labor
hours for unit #1: 79,000 hours Rate of improvement: 20%
Improvement curve slope: 80%
Answer: 62,200
33,600 *
8,400
155,800
◉ A contractor incurs costs for raw materials to be used in two
different government contracts. Is the total value of this raw
material allocable to one contract?
Answer: -No, material must be used and charged specifically to the
benefiting contract *
,◉ Which one of the choices below is the correct definition of other
direct costs?
Answer: -Costs that can be identified with a specific contract and
which the offeror does not treat as a direct material cost or a direct
labor cost *
◉ A contractor incurs a cost which is determined to be unallowable.
Other costs which would not have been incurred had the
unallowable cost not been incurred are also unallowable.
Answer: True *
◉ Which variable is also considered the independent variable?
Answer: R
X*
Y
Z
◉ True or False: Simple linear regression is most appropriate when
there is more than one independent variable.
Answer: True
◉ Which of the following labor categories in a contractor's proposal
for Grounds Maintenance would raise concern?
Answer: Millwright *
,◉ Identify when cost analysis would be required.
Answer: When certified cost or pricing data are required *
◉ True or False: "Position class" is a grouping of all positions that
share the same title and pay level.
Answer: True
◉ Which of the following type of costs would most likely be
categorized as both direct costs and indirect costs, depending on the
circumstance?
Answer: Travel Expense *
◉ In reviewing the proposal for the robotic surveillance vehicle you
asked for clarification on the travel cost listed as an ODC. Which
response would justify travel as an ODC?
Answer: -The travel costs are for the project manager and the
manufacturing supervisor to deliver the prototype to the
Government testing site for final demonstration testing. *
◉ What is Certified Cost or Pricing Data subsequently found to have
been inaccurate, incomplete, or noncurrent known as?
Answer: Defective Pricing *
, ◉ Which contract clause is inserted in contracts that are subject to
full CAS coverage?
Answer: -FAR 52.230-2 Cost Accounting Standards *
◉ When material prices may vary significantly from current
inventory values, which estimating method should be used?
Answer: Current Supplier Quotes *
◉ Which of the following situations would the use of improvement
curve analysis likely be useful in evaluating proposed costs?
Answer: -Assembly line repair of a turret assembly for an M1/A2
Abrams tank *
◉ Identify the correct definition of "Cost Realism Analysis".
Answer: The process of independently reviewing and evaluating
specific elements of cost, in part to determine whether they reflect a
clear understanding of the requirement
◉ Which of the following is a factor that most directly affects
profit/fee calculations?
Answer: Contract type *
◉ The "questioned cost" is one that has not yet been evaluated.
Answer: False *
COMPLETE QUESTIONS AND ANSWERS
◉ A cost is ALLOCABLE if it:
Answer: -Is distributed equally among the benefiting contracts
-Is incurred specifically for the contract being considered
-Results in an inequitable allocation costs.
◉ Given the following improvement curve data, calculate the cost
objective for unit #64. Labor hours for unit #32: 42,000 hours Labor
hours for unit #1: 79,000 hours Rate of improvement: 20%
Improvement curve slope: 80%
Answer: 62,200
33,600 *
8,400
155,800
◉ A contractor incurs costs for raw materials to be used in two
different government contracts. Is the total value of this raw
material allocable to one contract?
Answer: -No, material must be used and charged specifically to the
benefiting contract *
,◉ Which one of the choices below is the correct definition of other
direct costs?
Answer: -Costs that can be identified with a specific contract and
which the offeror does not treat as a direct material cost or a direct
labor cost *
◉ A contractor incurs a cost which is determined to be unallowable.
Other costs which would not have been incurred had the
unallowable cost not been incurred are also unallowable.
Answer: True *
◉ Which variable is also considered the independent variable?
Answer: R
X*
Y
Z
◉ True or False: Simple linear regression is most appropriate when
there is more than one independent variable.
Answer: True
◉ Which of the following labor categories in a contractor's proposal
for Grounds Maintenance would raise concern?
Answer: Millwright *
,◉ Identify when cost analysis would be required.
Answer: When certified cost or pricing data are required *
◉ True or False: "Position class" is a grouping of all positions that
share the same title and pay level.
Answer: True
◉ Which of the following type of costs would most likely be
categorized as both direct costs and indirect costs, depending on the
circumstance?
Answer: Travel Expense *
◉ In reviewing the proposal for the robotic surveillance vehicle you
asked for clarification on the travel cost listed as an ODC. Which
response would justify travel as an ODC?
Answer: -The travel costs are for the project manager and the
manufacturing supervisor to deliver the prototype to the
Government testing site for final demonstration testing. *
◉ What is Certified Cost or Pricing Data subsequently found to have
been inaccurate, incomplete, or noncurrent known as?
Answer: Defective Pricing *
, ◉ Which contract clause is inserted in contracts that are subject to
full CAS coverage?
Answer: -FAR 52.230-2 Cost Accounting Standards *
◉ When material prices may vary significantly from current
inventory values, which estimating method should be used?
Answer: Current Supplier Quotes *
◉ Which of the following situations would the use of improvement
curve analysis likely be useful in evaluating proposed costs?
Answer: -Assembly line repair of a turret assembly for an M1/A2
Abrams tank *
◉ Identify the correct definition of "Cost Realism Analysis".
Answer: The process of independently reviewing and evaluating
specific elements of cost, in part to determine whether they reflect a
clear understanding of the requirement
◉ Which of the following is a factor that most directly affects
profit/fee calculations?
Answer: Contract type *
◉ The "questioned cost" is one that has not yet been evaluated.
Answer: False *
