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CCP Exam Dumps - AACE International AACE Questions and Answers

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Questions 4

____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.

Options:

A.

Percent complete

B.

Cost to complete

C.

Earned value

D.

Forecast

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Questions 5

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.

Depreciation (in the United States) is calculated in accordance with which of the following?

Options:

A.

Modified Accelerated Cost Recovery System (MACRS)

B.

The Federal IRS Reform Act (FIRSRA)

C.

Generally Accepted Accounting Practices (GAAP)

D.

Accelerated Cost Recovery System (ACRS)

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Questions 6

You are analyzing historic unit costs for 18'' Class 5 reinforced concrete pipe is a database. The unit costs include all costs-material, labor, equipment, and other, for the excavation, bedding, pipe and backfill. Refer to the following table:

What is the median unit cost?

Options:

A.

$48.22

B.

$48.35

C.

$40.00

D.

$46.59

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Questions 7

The written word is often more useful than the spoken. Guidelines for writing include:

Options:

A.

Use short sentences; use short words; avoid jargon and abbreviations; use complete sentences; stick to one idea per paragraph; have a beginning, middle and end; be accurate

B.

Organize the background information; state the problem list the options or alternatives; state the recommendation (s); conclude and summarize with why the recommendation is the best way to proceed

C.

Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions

D.

Explain, report, describe, clarify, define and demonstrate

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Exam Code: CCP
Exam Name: Certified Cost Professional (CCP) Exam
Last Update: Dec 22, 2024
Questions: 189
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