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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:
Apr 30, 2025
Exam Status:
Stable
AACE International CCP

CCP: AACE Exam 2025 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 thedesign 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.

Which of the following percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?

Options:

A.

Ratio/level of effort

B.

Start/finish

C.

Units completed

D.

Incremental milestone

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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.

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.

All of the following are included in "income tax" calculations except:

Options:

A.

Annual income

B.

Annual expenditures

C.

Depreciation

D.

Initial cost of investment

Question 3

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