10 free CGFM practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CGFM Practice Test 5Tutor mode
Question 1 of 10
Governmental Financial Accounting, Reporting and Budgeting: General Knowledge
A federal agency's inspection program incurred $8,000,000 of direct costs and was assigned $1,500,000 of the agency's indirect support costs. OPM paid $600,000 of pension and post-retirement health benefit costs for the program's employees, which the agency does not reimburse. The program also collected $2,000,000 of inspection fees. Under SFFAS 4, what is the full cost of the program?