NEW!!! CLC 056| CLC 056 Defense Acquisition University
CLC2023-2024 (7 sets for the final exams) Complete
questions and answersNEW!!! CLC 056| CLC 056
... [Show More] Defense Acquisition University
CLC2023-2024 (7 sets for the final exams) Complete
questions and answers
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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 direct cost”? [ Determine if the other direct costs are properly proposed
]
Engineered, designed, fabricated, or modified to meet specific contract needs and cannot be used
for other contracts
An item (e.g., fixture, pattern, or gauge) that is necessary in aiding the development of a unique
product
Engineered, designed, fabricated, or modified to meet not only the requirements of the current
contract but also the requirements of all other contracts
Developed and engineered by a subcontractor who is not currently working on another contract
3) Which of the following is an indirect cost pool? [ Identify indirect cost pools and bases ]
General and Administrative Expenses
Direct material
Assembly labor
Manufacturing labor
4) What two costs elements are required to calculate an indirect cost rate? [ Identify the process of
calculating indirect cost rates]
Expense pool and Allocation base
Overhead rate and Expense base
Allocation Pool and Expense base
Allocation base and Overhead rate
5) Which of the following is a phase in the allocation cycle? [ Identify the cost allocation cycle
]
Final Allocation Phase
Interim Processing Phase
Adjustment on Rates Phase
Continuous Rate Application Phase
6) How is simple linear regression used? [Identify what regression analysis is] [
Remediation Accessed : N ]
To make predictions about one dependent variable based on one independent variable
To make predictions about one dependent variable based on more than one independent
variable
To calculate an estimate that demonstrates the most likely average value based on the data
supplied
To ensure contractor’s estimates properly capture the reduction of labor costs associated
with repetitive production tasks
7) Which regression method assumes a linear relationship between the dependent and
independent variables? [ Identify the different regression analysis methods ]
Simple linear regression
Local regression
Segmented regression
Curvilinear regression
8) Identify the situation where you would use simple linear regression. [ Identify
contract pricing situations where simple regression analysis should be considered]
Indirect cost rate analysis
Labor classification analysis
Facilities Capital Cost of Money calculation
Profit objective calculation
9) After completing the five-step Least-Best-Squares-Fit (LBSF) process in developing a regression
equation, you must evaluate which two aspects of the equation? [ Identify the steps for using simple
regression analysis] [ Remediation Accessed :N ]
"Goodness" of the fit and statistical significance
Coefficient of determination and the median
Prediction interval and significance level
Standard error of the estimate and the mean
10)Which situation below would you use improvement curve analysis to evaluate proposed costs?
[ Identify situations where improvement curve analysis would be appropriate ]
Assembly line with high proportion of manual labor
Fully automated assembly line
Production facility specializing in “one-off” or unique item production
Fabrication plant that generates 100,000 units per month
11) What is the first step in conducting improvement curve analysis? [ Identify the steps for
using improvement curve analysis]
Collect the historical data
Calculate the rate of improvement
Calculate the slope of the curve
Determine the Theoretical value of unit #1
12)Given the improvement curve data, calculate the cost objective for unit # 8.
Labor hours for unit #4: 120 hours
Labor hours for unit #1: 160 hours
Rate of improvement: 10%
Improvement curve slope: 90%
[ Calculate an objective using improvement curve analysis ]
108
12
16
144
13) How is the Treasury Ra [Show Less]