Exam Code: CCP
Exam Questions: 191
AACE Certified Cost Professional (CCP)
Updated: 21 Feb, 2026
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Question 1


The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. In the A relationship, the subcontractor might use an unbalance bid to:

Options :
Answer: A

Question 2

AACE International defines_____________as the primary activity that separates Value Methodology (VM) from other "improvement" practices and has the objective to develop the most beneficial areas for continuing study

Options :
Answer: C

Question 3

Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit. There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%. The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. If $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our total investment be worth assuming the interest is at 10%?

Options :
Answer: B

Question 4

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 :
Answer: C

Question 5

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:

It S480 is the target net profit, then the total sales volume (in dollars) is: 

Options :
Answer: B

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