CLC 056 |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT 100% CORRECT!! ALREADY GRADED A+
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Course
CLC 056
Institution
CLC 056
CLC 056 |2024 UPDATE |ACTUAL EXAM
QUESTIONS AND VERIFIED
ANSWERS/ACCURATE SOLUTIONS |GET IT 100%
CORRECT!! ALREADY GRADED A+
Practice questions for this set
Learn 1 / 7 Study with Learn
The assumptions listed on the next screen enable us to calculate unbiased
estimators of the population and...
12/13/24, 6:00 PM CLC 056 |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT 100% CO…
CLC 056 |2024 UPDATE |ACTUAL EXAM
QUESTIONS AND VERIFIED
ANSWERS/ACCURATE SOLUTIONS |GET IT 100%
CORRECT!! ALREADY GRADED A+
Practice questions for this set
Learn 1 /7 Study with Learn
The assumptions listed on the next screen enable us to calculate unbiased
estimators of the population and to use these in predicting values and
regression function coefficients (of Y given X)
.You should be aware of the fact that violation of one or more of these
assumptions reduces the efficiency of the model, but a detailed discussion of
this topic is beyond the purview of this module. Assume that all these
assumptions have been met.
Choose matching term
The purpose of regression analysis is to predict the value of a dependent variable
given the value of the independent variable. The LSBF technique yields the best single
line to fit the data, but you also want some method of determining how good this
estimating equation is.
1
In order to do this, we must partition the variation into the total variation, variation that
is explained by the regression line, and the unexplained variation. We will analyze the
variation by summarizing these terms in an Analysis of Variance (ANOVA) Table.
,12/13/24, 6:00 PM CLC 056 |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT 100% CO…
employee fringe benefit costs are typical labor overhead pool costs. Bid and proposal
costs are costs and human resource staff costs associated with general business
3
management, as are headquarters' rent and utilities, so they belong in the G&A pool
rather than the labor overhead pool.
The general concept of the improvement curve is that the resources (labor and/or
materials) required to produce each additional unit decline as the total number of units
produced increases.
Two of the most popular improvement curve theories are:
Unit Improvement Curve
4
Cumulative Average Improvement Curve
Note that the only difference between the curve theories is the word AVERAGE. In the
unit curve, unit cost is reduced by the same constant percentage.
In the cumulative average curve, the cumulative average cost is reduced by the same
constant percentage.
Don't know?
Terms in this set (99)
Cost analysis is the review Contracting Officers are required to purchase
and evaluation of the supplies and services from responsible sources at fair
separate cost elements and reasonable prices. This requirement is based on
and proposed profit/fee the three elements that form the foundation of the
of an offeror's certified government's pricing objective.
cost or pricing data or
data other than certified
cost or pricing data.
It is important to evaluate
the separate cost
elements and proposed
profit/fee to determine
how the proposed costs
represent the cost of the
contract, assuming
reasonable economy and
,12/13/24, 6:00 PM CLC 056 |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT 100% CO…
In contracting, when you act as the government's
buyer, your primary objective is to acquire supplies
and services from responsible sources at fair and
Government Objective:
reasonable prices.
purchase at fair and
reasonable price
The three approaches acknowledged by the
price each contract
government to attain this objective are:
separately
exclude contingencies
Price analysis
Cost analysis
Cost realism analysis
It is critical that you In order to develop a prenegotiation position, you will
understand techniques analyze contract costs and price using contract
and terms of cost analysis. analysis techniques.
Terms that are important
not only include cost Prenegotiation objectives establish the government's
analysis, price analysis, initial negotiation position. The Contracting Officer
and cost realism analysis, establishes prenegotiation objectives before the
but also terms such as negotiation of any pricing action.
direct costs, indirect costs,
and other direct costs.
In addition, there are
techniques with which you
should be familiar. These
include the various price
analysis techniques and
procedures that help the
government to ensure a
fair and reasonable price.
You may be responsible
for selecting the
techniques for comparison
that are used to verify that
the overall price that is
offered is fair and
reasonable.
, 12/13/24, 6:00 PM CLC 056 |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET IT 100% CO…
There are many methods Round Table
for estimating costs in an In a round table, experts are brought together to
equitable and consistently develop cost estimates by exchanging views and
applied way. Some cost making judgments based on knowledge and
estimating texts identify experience. This method is most commonly used
ten or more! Some when there is little or no cost experience or detailed
common methods are: product information (e.g., specifications, drawings, or
Round-table bills of material).
Comparison
Detailed
Comparison Detailed
With the comparison The detailed method is characterized by a thorough
method, costs for a new review of all components, processes, and assemblies.
item are estimated using It requires detailed information to arrive at estimated
comparisons with the cost costs and typically uses cost data derived from the
of completing similar tasks accounting system, statistical records, and other
under past or current sources.
contracts. Any differences
are isolated and cost This method is most commonly used when the
elements applicable to the required information is available and future
differences are deleted production potential warrants the cost of the detailed
from or added to analysis required. It is the most accurate of the three
experienced costs. methods for estimating direct cost. As you can
Comparisons may be imagine, it is also the most time consuming and
made at the cost element expensive.
level or total price level.
Adjustments may also be
made for possible upward
or downward cost trends.
This method is most
commonly used when
specifications for the item
being estimated are
similar to other items
already produced or
currently in production
and for which actual cost
experience is available.
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