Analyzing Contract/ Econimic Costs/ Exam/; Already Graded A

Document Content and Description Below

Analyzing Contract Costs Exam Here is your test result.The dots represent the choices you have made. The highlighted questions are the questions you have missed. Remediation Accessed shows whether... you accessed those links.'N' represents links not visited and 'Y' represents visited links. Back to Status page contains 55 Questions 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] 2) True or False: Special test equipment that is engineered, designed, fabricated, or modified to meet specific contract needs and cannot be used for other contracts can be categorized as “other direct costs.” [Determine if the other direct costs are properly proposed] 3) 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] 4) What two costs elements are required to calculate an indirect cost rate? [Identify the process of calculating indirect cost rates] 5) In which of the following phases does the contractor determine actual indirect cost rates? [Identify the cost allocation cycle] 6) Which of the following situations would you most likely employ linear regression techniques? [Identify what regression analysis is] 7) True or False: Simple linear regression is most appropriate when there is more than one independent variable. [Identify the different regression analysis methods] [Remediation Accessed :N] 8) When using simple linear regression to analyze the estimated price for a used car, which of the following independent variables would most likely result in the most accurate estimating equation? [Identify contract pricing situations where simple regression analysis should be considered] 9) True or False: After completing the five-step Least-Best-Squares-Fit (LBSF) process when developing a regression equation, you must evaluate the “goodness" of the fit and the statistical significance. [Identify the steps for using simple regression analysis] [Remediation Accessed :N] 10) Which situation below would you use improvement curve analysis to evaluate proposed costs? [Identify situations where improvement curve analysis would be appropriate] 11) What is the first step in conducting improvement curve analysis? [Identify the steps for using improvement curve analysis] 12) Given the following improvement curve data, calculate the cost objective for unit #64. Labor hours for unit #32: 42,000 hours Labor hours for unit #1: 79,000 hours Rate of improvement: 20% Improvement curve slope: 80% [Calculate an objective using improvement curve analysis] 13) Which of the following are factors used in calculating the Facilities Capital Cost of Money (FCCOM) amount? [Recognize elements affecting facilities capital cost of money] 14) Which of the following statements is true concerning profit/fee calculations? [Identify the factors affecting profit/fee analysis] 15) When calculating profit/fee, how is the “performance risk (composite)” calculated? [Calculate a profit/fee using the appropriate structured approach] [Show More]

Last updated: 1 year ago

Preview 1 out of 7 pages