Analyzing Contract Costs Exam
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.
...
analyzing contract costs exam here is your test resultthe dots represent the choices you have made the highlighted questions are the questions you have missed remediation accessed shows whether
Written for
National Defense University
CLC056 Analyzing Contract Costs (CLC056)
All documents for this subject (2)
Seller
Follow
abram23
Reviews received
Content preview
DAU Page 1 of 12
Analyzing Contract Costs Exam
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.
Back to Status page
contains 55 Questions
1) Which of the following must be true to properly classify a cost as an “other direct cost”?
[Recognize concerns that affect the other direct costs proposed]
All of these
The proposed cost benefits only the proposed contract work
The offeror customarily treats similar costs as “other direct costs” under similar
circumstances
The contractor’s accounting system segregates “other direct costs” from similar indirect
costs
2) Which of these statements below is correct regarding the criteria for classifying a special test
equipment 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 for other contracts
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 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
3) 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 of
calculating indirect cost rates]
5) In which of the following phases does the contractor determine actual indirect cost rates?
[Identify the cost allocation cycle]
Final Allocation Phase
Beginning Payment Phase
Forward Pricing Phase
Billing Phase
6) How is simple linear regression used? [Identify what regression analysis is]
To make predictions about one dependent variable based on one independent variable
To make predictions about one dependent variable based on more than one independent
variable
To calculate an estimate that demonstrates the most likely average value based on the data
supplied
To ensure contractor’s estimates properly capture the reduction of labor costs associated with
repetitive production tasks
7) Which regression method would be used when there is more than one independent variable?
[Identify the different regression analysis methods]
Multivariate regression
Simple linear regression
Curvilinear regression
Segmented regression
8) Identify the situation where you would use simple linear regression. [Identify contract pricing
situations where simple regression analysis should be considered]
Indirect cost rate analysis
Labor classification analysis
Facilities Capital Cost of Money calculation
Profit objective calculation
9) Which variable is also considered the independent variable? [Identify the steps for using simple
regression analysis]
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller abram23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
