Aace International edusum aace Changed Ccp Questions by Amayah q12 vce pdf

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Exam Name:	Certified Cost Professional (CCP) Exam
Exam Code:	CCP Dumps
Vendor:	AACE International	Certification:	AACE
Questions:	189 Q&A's	Shared By:	amayah

Question 12

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 is considered a measure of profitability?

Options:

Rate of return

Annual Dividends

Total assets

Annual sales

Discussion

Question 13

After collecting the control information on a light rail project within an original budget of 200.0OO work hours, the construction contractor is ready for their monthly progress meeting with the client.

A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor is 60%.

After collecting the control information on a light rail project within an original budget of 200.000work hours, the construction contractor is ready for their monthly progress meeting with the client.

A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.

Is the percent complete stated by the contractor correct?

Options:

No, it should be 55.0%

No, it should be 50.0%

No, it should be 52.5%

Yes, it is 60%

Discussion

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Question 14

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 the design 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.

The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

Which statement best describes the type of information available for a design phase estimate?

Options:

Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied

Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts

Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors

Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors

Discussion

Question 15

Questions 15

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

What is the relative frequency of unit costs from Atlanta, GA?

Options:

$40.59

$48.33

33.33%