056 Analyzing Contract Costs Study Guide With Complete Solution And Updated Version!!

Which of the following must be true to properly classify a cost as an "other direct cost"? {Ans: The proposed cost benefits only the proposed contract work *}True or False: Simple linear regression is most appropriate when there is more than one independent variable. {Ans: True}In reviewing the proposal for the robotic surveillance vehicle you asked for clarification on the travel cost listed as an ODC. Which response would justify travel as an ODC? {Ans: -The travel costs are for the project manager and the manufacturing supervisor to deliver the prototype to the Government testing site for final demonstration testing. *}Identify the correct definition of "Cost Realism Analysis". {Ans: The process of independently reviewing and evaluating specific elements of cost, in part to determine whether they reflect a clear understanding of the requirement}Which of the following would be a proper method of determining the reasonableness of a contractor's proposed labor hour estimate? {Ans: -Compare proposed hours with a Government should-cost estimate *}A contractor incurs a cost which is determined to be unallowable. Other costs which would not have been incurred had the unallowable cost not been incurred are also unallowable. {Ans: True *}When is