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Total 189 questions

Certified Cost Professional (CCP) Exam Questions and Answers

Question 53

A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.

Student will receive scholarship when the GPA is within top 2%. The mean GPA is 2.8 and standard deviation is 0.5.

How high must the GPA be to qualify for the scholarship?

Options:

A.

3.62

B.

3.35

C.

3.91

D.

3.83

Question 54

The four steps to writing are:

Options:

A.

Introduction, paragraph, conclusion, works cited

B.

Start, write, complete, revise

C.

Abstract, body conclusion, bibliography

D.

Plan, write, cool, revise

Question 55

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 should be included in the life-cycle cost analysis of a power plant?

Options:

A.

Construction cost, operating cost, maintenance cost

B.

Factory expenses, distribution expenses, mark-up

C.

Capacity factor, end product units, physical dimensions

D.

Resources, work activities, final cost objects

Question 56

Which of the following is used for measuring productivity loss?

Options:

A.

Central limit theorem

B.

Value engineering

C.

Earned formula

Page: 14 / 14
Total 189 questions