CLC 056 Exam questions and answers_ CLC 056 Analyzing Contract Costs Exam (2022/2023)

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 modification 2. When given a set of data that appears to contain outliers, which measure of central tendency is most appropriate to use?  Median  Coefficient of Determination  Mean  Mode 3. What is an important driver to a successful negotiation?  Listen to understand  Ensure your position is heard  Maintain position of power  Obtain the lowest price for the government 4. Which of the following would be a proper method of determining the reasonableness of a contractor’s proposed labor hour estimate?  Compare proposed hours with a Government should-cost estimate  Compare proposed hours with all other contracts from the same contractor  Decrement labor hours estimate according to DCAA standard decrement  Use a stratified sampling techniques to evaluate contractor’s labor hour estimate 5. Which of the following situations would exempt a contract or subcontract from CAS coverage?  The contract or subcontract is with a small business  Value of the contract or subcontract is $7.5M or less  The Economic Price Adjustment clause for a commercial item is based on an index formulated with a contractor’s historical cost data  Sole source firm fixed price contract requiring submission of cost or pricing data 6. True or False: “Direct labor positions” share the same titles and pay levels.  True  False 7. Which situation below would you use improvement curve analysis to evaluating proposed costs?  Assembly line with high proportion of manual labor  Fabrication plant that generates 100,000 units per month  Production facility specializing in “one-off” or unique item production  Fully automated assembly line 8. Using a direct comparison with the cost of a similar contract effort is an acceptable summary