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CLC 056 Final Exam Questions And Answers( Complete best Solution Rated A)

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CLC 056 Final Exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions y... ou have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work The contractor’s accounting system segregates “other direct costs” from similar indirect costs All of these 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 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 specific contract needs and cannot be used for other contracts 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] Total price 1.) Which of the following must be true to properly classify a cost as an “other direct cost”? 2.) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other direct cost”? [Show More]

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