CLC 056 Analyzing Contract Costs Exam 1 | Real Questions and Updated Answer Key (2026)

CLC 056 Analyzing Contract Costs Exam 1 Answers

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

1. Prices are set by law or regulation
2. Sole source acquisition of $3.5M FFP effort; price determined using  cost analysis
3.  Price may be determined fair and  reasonable based on price analysis proposal techniques
4.  Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of modification

2. When  given a set of data  that appears to contain outliers, which measure of central tendency is most appropriate to use?

1. Median
2. Coefficient of Determination
3. Mean
4. Mode

3. What is an important driver to a successful negotiation?

1. Listen to understand
2. Ensure your position is heard
3. Maintain position of power
4. Obtain the lowest price for the government

4. Which of the following would be a proper  method of determining the reasonableness of a contractor’s proposed labor hour estimate?

1. Compare proposed hours with a Government should-cost estimate
2. Compare proposed hours with all other contracts from the same contractor
3. Decrement labor hours estimate according to DCAA standard decrement
4. Use a stratified sampling techniques to evaluate contractor’s labor hour estimate

5. Which of the following situations would exempt a contract or subcontract from CAS coverage?

1. The contract or subcontract is with a small business
2. Value of the contract or subcontract is $7.5M or less
3. The Economic Price Adjustment clause for a commercial item is based on an index formulated with a contractor’s historical cost data
4. Sole source firm fixed price contract requiring submission of cost or pricing data

6. True or False: “Direct labor positions” share the same titles and  pay levels.

• True
• False

7. Which situation below would you use improvement curve analysis to evaluating proposed costs?

1. Assembly line with high proportion of manual  labor
2. Fabrication plant that generates 100,000 units per month
3. Production facility specializing in “one-off” or unique item production
4. Fully automated assembly line

8. Using a direct comparison with the cost of a similar contract effort is an acceptable summary