©Themoon EXAM SOLUTIONS
19/11/2024 12:33PM
CLC 056 Analyzing Contract Costs Study
Guide Solutions
According to FAR 15.4, which of the following is one of the two most preferred price analysis
techniques? - Answers✓✓Comparison of proposed prices received in response to the
solicitation *
How may you request an audit? - Answers✓✓All of these are correct
A "questioned cost" is one that has not yet been evaluated. - Answers✓✓False *
True or False: "Direct labor positions" share the same titles and pay levels. - Answers✓✓False *
For which of the following procurements would you require certified cost or pricing data? -
Answers✓✓An offer of $800,000 for an item from the only known source of an electronic
system unique to Government requirements.
How is simple linear regression used? - Answers✓✓To make predictions about one dependent
variable based on one independent variable *
Which of the following is a phase in the allocation cycle? - Answers✓✓Final Allocation Phase
You are preparing to negotiate a service task for routine maintenance of Government
equipment. A sample of 25 records for similar maintenance tasks indicates that the average time
required to perform similar maintenance tasks has been six hours and 40 minutes. How can you
use this? - Answers✓✓Selecting the appropriate contract type
, ©Themoon EXAM SOLUTIONS
19/11/2024 12:33PM
Developing a price negotiation objective for labor costs *
Evaluating the bill of materials
Assigning the risk factors for profit calculations
The purpose of an audit is to: - Answers✓✓Verify transaction legality
Determine if the data is accurate and complete
All of these are correct *
Determine the degree of compliance with established procedures
Who has the authority to waive CAS applicability for a particular contract? - Answers✓✓The
Agency Head *
A cost is allowable if it is: - Answers✓✓Reasonable, allocable and compliant with CAS/GAAP
*
What is an important driver to a successful negotiation? - Answers✓✓Listen to understand *
Which regression method assumes a linear relationship between the dependent and independent
variables? - Answers✓✓Simple linear regression *
What is the single most important decision the Contracting Officer must make to mitigate cost
risk? - Answers✓✓Selection of contract type *
When a contract is subject to CAS, the Contracting Officer may not award a contract until a
written adequacy determination has been made by the cognizant Federal agency official. -
Answers✓✓True
19/11/2024 12:33PM
CLC 056 Analyzing Contract Costs Study
Guide Solutions
According to FAR 15.4, which of the following is one of the two most preferred price analysis
techniques? - Answers✓✓Comparison of proposed prices received in response to the
solicitation *
How may you request an audit? - Answers✓✓All of these are correct
A "questioned cost" is one that has not yet been evaluated. - Answers✓✓False *
True or False: "Direct labor positions" share the same titles and pay levels. - Answers✓✓False *
For which of the following procurements would you require certified cost or pricing data? -
Answers✓✓An offer of $800,000 for an item from the only known source of an electronic
system unique to Government requirements.
How is simple linear regression used? - Answers✓✓To make predictions about one dependent
variable based on one independent variable *
Which of the following is a phase in the allocation cycle? - Answers✓✓Final Allocation Phase
You are preparing to negotiate a service task for routine maintenance of Government
equipment. A sample of 25 records for similar maintenance tasks indicates that the average time
required to perform similar maintenance tasks has been six hours and 40 minutes. How can you
use this? - Answers✓✓Selecting the appropriate contract type
, ©Themoon EXAM SOLUTIONS
19/11/2024 12:33PM
Developing a price negotiation objective for labor costs *
Evaluating the bill of materials
Assigning the risk factors for profit calculations
The purpose of an audit is to: - Answers✓✓Verify transaction legality
Determine if the data is accurate and complete
All of these are correct *
Determine the degree of compliance with established procedures
Who has the authority to waive CAS applicability for a particular contract? - Answers✓✓The
Agency Head *
A cost is allowable if it is: - Answers✓✓Reasonable, allocable and compliant with CAS/GAAP
*
What is an important driver to a successful negotiation? - Answers✓✓Listen to understand *
Which regression method assumes a linear relationship between the dependent and independent
variables? - Answers✓✓Simple linear regression *
What is the single most important decision the Contracting Officer must make to mitigate cost
risk? - Answers✓✓Selection of contract type *
When a contract is subject to CAS, the Contracting Officer may not award a contract until a
written adequacy determination has been made by the cognizant Federal agency official. -
Answers✓✓True
