Crossword Genius

Done deed? Spot on! (5)

Ross

I believe the answer is:

exact

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'spot on' is the definition.
(spot on means exactly right)

'done deed?' is the wordplay.
'done' becomes 'ex' (I can't justify this - if you can you should believe this answer much more).
'deed?' becomes 'act' (an action).
'ex'+'act'='EXACT'

Can you help me to learn more?

(Other definitions for exact that I've seen before include "19 [WREST]" , "Precise; extort" , "Absolutely accurate or correct" , "Rigorous" , "Spot on, precise" .)

I've seen this clue in The Telegraph.
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