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AACE Certified Cost Professional (CCP) Exam

Certified Cost Professional (CCP) Exam

Last Update Oct 17, 2024
Total Questions : 189

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Questions 2

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:

Questions 2

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

Options:

A.  

$30,000

B.  

$37,500

C.  

$34,400

D.  

$32,400

Discussion 0
Questions 3

Which of the lol owing comparisons is commonly used in forensics schedule analysis (FSA)?

Options:

A.  

Cost performance index (CPI) to schedule performance index (SPI)

B.  

Forensic productivity analysis

C.  

Earned value vs scheduled value

D.  

As-planned vs as-built

Discussion 0
Questions 4

A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

Options:

A.  

Termination of contract - convenience

B.  

Termination of contract - default

C.  

Substantial completion

D.  

Breach of contract

Discussion 0
Questions 5

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.

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.

Select the statement that best describes the method to estimate the cost of the new rides:

Options:

A.  

Break down the technology into components

B.  

Call vendors for quotes

C.  

Use historical data from past projects

D.  

Adjust known data from existing rides

Discussion 0
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