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AACE International CCP Exam With Confidence Using Practice Dumps

Exam Code:
CCP
Exam Name:
Certified Cost Professional (CCP) Exam
Certification:
Questions:
189
Last Updated:
Nov 21, 2024
Exam Status:
Stable
AACE International CCP

CCP: AACE Exam 2024 Study Guide Pdf and Test Engine

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Certified Cost Professional (CCP) Exam Questions and Answers

Question 1

A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.

When analyzing a precedence diagram schedule, the "backward pass"

Options:

A.

Allows total float to be calculated

B.

Determines the duration of each activity

C.

Calculates the earliest allowable start and finish times for the activities in the schedule

D.

Allows activities to finish as soon as all their 'predecessor' relationships are satisfied

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Question 2

An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.

Answer the question using a straight line depreciation and a 10% interest rate.

Which of the following would NOT be considered part of a project cost and schedule forecast?

Options:

A.

Usage of contingency

B.

Current trends of time and money

C.

Peripherals report

D.

Changes to the project execution plan

Question 3

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

What is the relative frequency of unit costs amounting to $55.00/unit?

Options:

A.

22.22%

B.

$55.00

C.

2

D.

338.5