CLC 056 Analyzing Contract Costs Study Guide

CLC 056 Analyzing Contract Costs Study Guide According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? How may you request an audit? A "questioned cost" is one that has not yet been evaluated. True or False: "Direct labor positions" share the same titles and pay levels. For which of the following procurements would you require certified cost or pricing data? How is simple linear regression used? Which of the following is a phase in the allocation cycle? You are preparing to negotiate a service task for routine maintenance of Government equipment. A sample of 25 records for similar maintenance tasks indicates that the average time required to perform similar maintenance tasks has been six hours and 40 minutes. How can you use this? The purpose of an audit is to: Who has the authority to waive CAS applicability for a particular contract? A cost is allowable if it is: What is an important driver to a successful negotiation? Which regression method assumes a linear relationship between the dependent and independent variables? What is the single most important decision the Contracting Officer must make to mitigate cost risk? 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 official. Each Price Negotiation Memorandum must contain which one of the following? Select the item below that would likely be categorized as a Direct Material Cost.