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Remediation
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contains 55 Questions
1) Which of the following is true about analyzing summary cost estimates? [Determine the fairness and reasonableness of summary level cost estimates]
2) Identify when cost analysis is required. [Identify the fundamentals of cost analysis]
[Remediation Accessed :N]
3) Identify the correct definition of “Cost Realism Analysis”. [Distinguish between cost analysis, price analysis, and cost realism analysis]
4) Which of the following situations would exempt a contract or subcontract from CAS coverage?
[Identify the exemptions to Cost Accounting Standards (CAS) coverage]
Sole source firm fixed price contract requiring submission of cost or pricing data
5) Which three elements are necessary for calculating a confidence interval? [Identify the process for establishing a confidence interval] [Remediation Accessed :N]
6) Given the following data, calculate the sample median.
Sample data: 17, 16, 17, 16, 17, 18, 18 [Calculate a pre-negotiation objective using the appropriate statistical analysis techniques]
7) Which of the following would be a proper method of determining the reasonableness of a contractor’s proposed labor hour estimate? [Relate proposed labor hours to work requirements to determine reasonableness of direct labor costs]
8) What is the most common base for calculating the General and Administrative (G&A) overhead rate? [Identify indirect cost pools and bases] [Remediation Accessed :N]
9) Identify the formula for calculating indirect cost rates. [Identify the process of calculating indirect cost rates]
10) A cost is allowable if it is: [Determine if a cost is allowable] [Remediation Accessed :N]
11) Which contract clause is inserted in contracts that are subject to full CAS coverage?
[Determine the level of CAS coverage that applies]
12) A cost is allocable if it: [Determine if a cost is allocable] [Remediation Accessed :N]
13) The cost accounting system that is used by a contractor manufacturing a number of identical units for multiple customers is: [Identify the two commonly used systems for cost
accounting] [Remediation Accessed :N] [Show Less]