Allowable cost reasonable - Study guides, Class notes & Summaries

According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? correct answers Comparison of proposed prices received in response to the solicitation * How may you request an audit? correct answers All of these are correct A "questioned cost" is one that has not yet been evaluated. correct answers False * True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * For which of the following procu...

According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? correct answers Comparison of proposed prices received in response to the solicitation * How may you request an audit? correct answers All of these are correct A "questioned cost" is one that has not yet been evaluated. correct answers False * True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * For which of the following procu...

Basic Medical Expense policies - Provide coverage for Hospital, Surgical and Physicians Medical Expense. -Purchased as a individual or group policy. -provide first dollar coverage (no deductibles). -limited benefit periods and low coverage limits. Major Medical Expense Policy - -A supplement (in addition) to Basic Medical or as a stand-alone policy. -individual or group policy. -Take over when the Basic Policy runs out Hospital Expenses - -Pay for covered expenses incurred during a hosp...

Allowable Cost: Reasonable? Yes Allowable Cost: Realistic? No Allowable Cost: Any limitations set forth in FAR subpart 31.2? Yes Allowable Cost: IAW the terms of the contract? Yes Allowable Cost: IAW Common Law? No Allowable Cost: Allocable? Yes Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? Yes Allowable Cost: Any Limitations set forth in FAR subpart 15.1? No Modification Type: Exercising an Option Unilateral Modification Type: Admi...

Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified 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 efficiency. - Answer Contracting Officers are required to purchase supplies and services from responsible sources at f...

CFCM Study Guide: FULL TEST Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in data to be delivered to the governm...

CON 3990 Exam Study Guide Exam Questions And Answers 100% Solved Allowable Cost: Reasonable? Yes Allowable Cost: Realistic? No Allowable Cost: Any limitations set forth in FAR subpart 31.2? Yes Allowable Cost: IAW the terms of the contract? Yes Allowable Cost: IAW Common Law? No Allowable Cost: Allocable? Yes Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? Yes Allowable Cost: Any Limitations set forth in FAR subpart 15.1? No Modifica...

Contracting Officer Warrant board questions with complete solutions You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider i...

CON 3990 Exam Study Guide Exam Questions And Answers 100% Solved Allowable Cost: Reasonable? Yes Allowable Cost: Realistic? No Allowable Cost: Any limitations set forth in FAR subpart 31.2? Yes Allowable Cost: IAW the terms of the contract? Yes Allowable Cost: IAW Common Law? No Allowable Cost: Allocable? Yes Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? Yes Allowable Cost: Any Limitations set forth in FAR subpart 15.1? No Modifica...

According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? - ANSWER-Comparison of proposed prices received in response to the solicitation * How may you request an audit? - ANSWER-All of these are correct A "questioned cost" is one that has not yet been evaluated. - ANSWER-False * True or False: "Direct labor positions" share the same titles and pay levels. - ANSWER-False * For which of the following procurements would you require ce...