CLC 056 Analyzing Contract Costs

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...

CLC 056 Analyzing Contract Costs Exam 100% 1. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposal techniques • Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of modif...

According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? Comparison of proposed prices received in response to the solicitation * How may you request an audit? All of these are correct 00:53 01:03 A "questioned cost" is one that has not yet been evaluated. False * True or False: "Direct labor positions" share the same titles and pay levels. False * For which of the following procurements would you require cert...

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitute...

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitute...

Defense Acquisition University CLC CLC 056| CLC 056 (7 sets for the final exams) Complete questions and answers-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 s...

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

CLC 056 Analyzing Contract Costs Exams, Questions and Answers, since 2018 to 2022, Everything Covered

Defense Acquisition University CLC CLC 056| CLC 056 (7 sets for the final exams) Complete questions and answers-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 “o...