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AACE International CCP Exam is a rigorous and comprehensive test that covers a wide range of topics related to cost engineering and project management. CCP exam consists of two parts: a multiple-choice test and a written examination. The multiple-choice portion of the exam covers cost estimating, project planning, scheduling, cost control, and financial analysis, while the written test covers project management and leadership.
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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q38-Q43):
NEW QUESTION # 38
Which of the following is NOT a type of float?
Answer: B
Explanation:
Float, also known as "slack," refers to the amount of time that a project task can be delayed without causing a delay to subsequent tasks or the overall project completion. The types of float include:
Total Float: The amount of time a task can be delayed without delaying the project's completion date.
Negative Float: Occurs when the project is behind schedule, meaning tasks must be accelerated to meet deadlines.
Free Float: The amount of time a task can be delayed without delaying the early start of any subsequent tasks.
Open end is not recognized as a type of float. Therefore, it is the correct answer as it does not belong to this list.
NEW QUESTION # 39
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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?
Answer: A
NEW QUESTION # 40
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.
Present worth calculations is represented by which of the following equations?
Answer: D
NEW QUESTION # 41
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.
Fred Fiedler's contingency model suggests that:
Answer: E
Explanation:
Given Scenario:
Fred Fiedler's contingency model is referenced.
Fiedler's Contingency Model:
This model suggests that successful leadership depends on the match between a leader's style and the demands of the situation. A leader's effectiveness is contingent on how well the leader's style fits the context of the situation.
NEW QUESTION # 42
SCENARIO: A can manufacturing company requested you to provide data for their decision making The unit prices of the can varies but an average selling price of $0.55 cents and average cost of S45 cents is estimated.
The monthly fixed costs are:
Rant-$1,500
Wages - $4.000
Miscellaneous fixed expenses - $500
If there is an additional variable cost of $0.02 per unit, the monthly break even units are:
Answer: A
Explanation:
To calculate the break-even point, we need to determine how many units must be sold to cover all fixed and variable costs. The formula to calculate the break-even point in units is:
Break-even units=Total Fixed CostsSelling Price per Unit-Variable Cost per Unit ext{Break-even units} = rac{ ext{Total Fixed Costs}}{ ext{Selling Price per Unit} - ext{Variable Cost per Unit}}Break-even units=Selling Price per Unit-Variable Cost per UnitTotal Fixed Costs Given:
Selling Price per Unit = $0.55
Variable Cost per Unit = $0.45 + $0.02 = $0.47
Contribution Margin per Unit = $0.55 - $0.47 = $0.08
Total Fixed Costs:
Total Fixed Costs=1500+4000+500=6000 ext{Total Fixed Costs} = 1500 + 4000 + 500 = 6000Total Fixed Costs=1500+4000+500=6000 Break-even units:
Break-even units=60000.08=75,000 units ext{Break-even units} = rac{6000}{0.08} = 75,000 ext{ units}Break-even units=0.086000=75,000 units Therefore, the correct answer is C. 75,000 units.
NEW QUESTION # 43
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