Clc056 - Study guides, Class notes & Summaries

CLC 056 (7 sets for the final exams) Analyzing Contract Costs Exam Back to Status page contains 55 Questions 1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed] Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other dire...

Identify the formula for calculating indirect cost rates. [Identify the process of calculating indirect cost rates] Expense Pool divided by Allocation Base Allocation Base divided by Expense Pool Overhead Rate multiplied by Allocation Base Allocation Base multiplied by Expense Pool Final Allocation Phase Beginning Payment Phase Forward Pricing Phase Billing Phase Indirect cost rate analysis Labor classification analysis Facilities Capital Cost of Money calculation Profit...

CLC056 Analyzing Contract Costs Test Bank (A+ Graded). Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk?  Conduct adequate market research prior to entering negotiations 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 ...

CLC 056 Analyzing Contract Costs Exam 1. Identify the circumstances when cost analysis should be performed by answering the following question: “Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the following procurements? a. All of these are correct b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been required to furnish certified cost or pricing data. c. The modification of any ...

CLC EXAM 2024 ACTUAL NEWEST EXAM COMPLETE 180 QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS BRAND NEW UPDATED ALPP CLC EXAM STUDY GUIDE ALREADY GRADED A+

CLC 056 Analyzing Contract Costs Exam (98% grade) 54/55 answered correct. Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk?  Conduct adequate market research prior to entering negotiations 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 i...

CLC 056 Analyzing Contract Costs Exam (98% grade) 54/55 answered correct.Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk?  Conduct adequate market research prior to entering negotiations 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...

CLC 056 – ANALYZING CONTRACT COSTS exam 1) Given the following data, calculate the standard deviation. Sample data: 13, 12, 9, 15, 11, 16, 17, 8, 12, 7, 12 3.05 3.19 4.21 4.12 2) Who has the authority to waive CAS applicability for a particular contract? A level above the contracting officer The Agency Head The Contracting Officer's Representative The Cognizant Federal Agency Official 3) Which sampling technique is used to focus on high-value items? Stratified Nonpr...

CLC 056 Analyzing Contract Costs Exam (98% grade) 54/55 answered correct Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk?  Conduct adequate market research prior to entering negotiations 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 i...

CLC 056 Analyzing Contract Costs Exam 1. Identify the circumstances when cost analysis should be performed by answering the following question: “Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the following procurements? a. All of these are correct b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been required to furnish certified cost or pricing data. c. The modification of any ...