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Free Test Prep CCP Exam Questions

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  • Test Prep CCP Exam Questions
  • Provided By: Test Prep
  • Exam: AACE Certified Cost Professional (CCP)
  • Certification: AACE
  • Total Questions: 191
  • Updated On: Apr 06, 2025
  • Rated: 4.9 |
  • Online Users: 382
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  • Question 1

    • 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. Which of the following percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)? 


      Answer: D
  • Question 2


    • The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is: 


      Answer: B
  • Question 3
    • 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%. A good description of quantitative data would be as follows:  

      Answer: C
  • Question 4
    • 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, and 110.000 work hours paid. The stated progress by the contractor is 60%. How does the project stand?

      Answer: C
  • Question 5
    • 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, and 110.000 work hours paid. The stated progress by the contractor is 60%. How does the project stand?

      Answer: C
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