AACE International CCP practice materials Questions Answers
Exam Code:
CCP
Exam Name:
Certified Cost Professional (CCP) Exam
Last Update:
Jun 01,2026
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AACE International CCP Questions for CCP Certification Exam 2026
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Certified Cost Professional (CCP) Exam CCP practice questions with explanations
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Total Questions: 0
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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 you are scheduled for a $100,000 payment at the end of each year for the next five years, what is the equivalent amount if you were to make a lump sum payment now?
Answer: A Next Question -
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?
Answer: B Next Question -
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.What is the "book value (BV) of the asset at the end of 5 years?$64,000$16,000$3,200$60,000
Answer: A Next Question -
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.How much money should be set aside today to have $20,000 available eight (8) years from now if the interest rate is 6% compounded annually?
Answer: D Next Question -
If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end of the period?
Answer: B Next Question -
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, and110.000 work hours paid. The stated progress by the contractor Is 60%. What is the schedule variance (SV)?
Answer: D Next Question -
A contract allows the contractor to freely employ whatever methods and resources it chooses in order to complete the work.
Answer: D Next Question -
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:
Answer: A Next Question -
After collecting the control information on a light rail project within an original budget of 200.000 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, and110.000 work hours paid. The stated progress by the contractor is 60%. How does the project stand?
Answer: C Next Question -
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%.SCENARIO: A can manufacturing company requested you to provide data for their decision making. The unit prices of the can vary but an average selling price of $0.55 cents and average cost of $0.45 cents is estimated.The monthly fixed costs are:Rent-SI .600Wages - $4.000Miscellaneous fixed expenses - $500Marketing team observed that factory can safely increase their unit selling price to S0.60 cents. The new break even units for the sales based on new contribution margin will be:
Answer: D Next Question
Total Questions: 0
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