Analyzing contract costs - Study guides, Class notes & Summaries

CLC 056 Analyzing Contract Costs Questions and Answers (2024/2025)(Verified Answers)

CLC 056 Analyzing Contract Costs Study Guide Questions And Answers 100% Guaranteed Success. 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 o...

2024 NEW GENERATION Analyzing Contract Costs Exam GRADED A+ LATEST 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”...

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 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 certified cost or pricing data? - An ...

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 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 certif...

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 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 certified cost or pricing data? - A...

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...

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...

CLC 056 Analyzing Contract Costs Exam Questions With Verified Answers Latest Updated 2024 (GRADED) Differentiate between the measures of central tendency and the methods for measuring dispersion When given a set of data that appears to contain outliers, which measure of central tendency is most appropriate to use?  Median Determine if an exception to the Truth-in-Negotiations Act applies Which of the following situations are considered exempt from the submission of certified cost or pr...