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CCP Leak Questions

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Total 189 questions

Certified Cost Professional (CCP) Exam Questions and Answers

Question 45

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 46

The measure of number of units completed divided by work-hours consumed is referred to as:

Options:

A.

lined value

B.

Credit work-hours

C.

Productivity

D.

Cost performance Index (CPI)

Question 47

As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents.

The following revenue and expense relationships are predicted:

If the fixed rent remains unchanged, and XYZ pays S0.01 per unit as additional rent, the monthly breakeven point in numbers of units becomes:

Options:

A.

48,500 units

B.

66,667 units

C.

52,500 units

D.

33,333 units

Question 48

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.

The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator's life span?

Options:

A.

None

B.

$42,400

C.

$37,600

D.

$80,000

Page: 12 / 14
Total 189 questions