2026 CLC 056 Exam: Analyzing Contract Costs Q&A Guide (Fully Solved)

CLC 056 Exam

38.   Which of the following is an effective use of stratified sampling?

a.       Analyzing the items that make up 80% of the total material cost and 10% of the remaining items

b.      Analyzing 10% of the items selected randomly

c.       Analyzing 100% of the items

d.      Analyzing 20% of the items that are under $25,000

39.   How is the Treasury Rate applied in calculating Facilities Capital Cost of Money (FCCOM)?

b.      Divided by the Weighted Guidelines profit objective

c.       Multiplied by the FCCOM total amount

d.      Divided into the FCCOM total amount

40.   The national average mortgage rate is used in calculating Facilities Capital Cost of Money (FCCOM) a. True

b. False

41.   What is the single most important decision the Contracting Officer must make to mitigate cost risk? a. Selection of contract type

b.      The profit/fee percentage objective

c.       Whether to solicit to large business, or set aside for small business

d.      The selection of the awardee

42.   When a contract is subject to CAS, the Contracting Officer may not award a contract until a written adequacy determination has been made by the cognizant Federal agency officer

a.       True

b.      False

43.   Given the following data, calculate the sample median. Sample data: 17,16,17,16,17,18,18 a. 16

b.      17.5

c.       17

d.      18

44.   When using simple linear regression to analyze the estimated price for a used car, which of the following independent variables would result in a realistic estimating equation?

a.       Mileage of all similar cars

b.      Color of similar cars

c.       Prices of all similar cars currently for sale

d.      Weight of all similar cars

45.   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%.

a.       33,600

b.      8,400

c.       62,200

d.      155,800

46.   Which regression method assumes a linear relationship between the dependent and independent variables? a. Local regression

b.      Simple linear regression

c.       Curvilinear regression

d.      Segmented regression

47.   Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data?

a.       Price may be determined fair and reasonable based on price analysis proposal techniques b. Prices are set by law or regulation

c.       Sole source acquisition of $3.5M FFO effort, price determined using cost analysis

d.      Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of modification

48.   When the Contracting Officer has relied on certified cost or pricing data in the price determination, which of the following statements is true?

a.       They are not required to certify that they relied on that cost or pricing data in the Price Negotiation

Memorandum

b.      They must have the agency’s Small Business Administration representative concur if the contract is with a small business

c.       They must have had legal counsel review the cost or pricing data prior to negotiations

d.      They must certify that they relied on that certified cost or pricing data in the Price Negotiations

Memorandum.