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CCP Exam Resources & CCP Best Questions & CCP Exam Dumps

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The Certified Cost Professional (CCP) is a respected certification in the field of project cost management. Certified Cost Professional (CCP) Exam certification is offered by AACE International – a professional association for cost professionals in various industries, including engineering and construction. The CCP Certification Exam is an essential step for candidates who want to validate their knowledge, skills, and expertise in cost management.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q152-Q157):

NEW QUESTION # 152
The goal of listening is to:

A. Improve communication
B. Analyze what the speaker is saying
C. Find out what is going on
D. Have time to formulate your thoughts on the subject

Answer: A

Explanation:
The primary goal of listening is to improve communication. Effective listening ensures that the listener fully understands the speaker's message, which is crucial for effective interaction, problem-solving, and decision-making. By focusing on what the speaker is saying, the listener can respond appropriately, ask relevant questions, and provide feedback that enhances mutual understanding.
Option A (Analyze what the speaker is saying) is part of listening but not the ultimate goal.
Option B (Find out what is going on) is a reason for listening but not the overarching goal.
Option C (Have time to formulate your thoughts on the subject) is a secondary benefit, not the primary objective.

NEW QUESTION # 153
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 3, steel prices will have increased by what percentage over today's price? (round to 1 decimal)

A. 8.7%
B. 8.2%
C. 8.0%
D. 4.6%

Answer: B

Explanation:
To calculate the total percentage increase in steel prices over three years, we compound the inflation rates for each year:
Year 1: 2.5%
Year 2: 2.5%
Year 3: 3.0%
The formula to calculate the total percentage increase is:
Total Increase=(1+Rate Year 1)×(1+Rate Year 2)×(1+Rate Year 3)-1 ext{Total Increase} = (1 + ext{Rate Year 1}) imes (1 + ext{Rate Year 2}) imes (1 + ext{Rate Year 3}) - 1Total Increase=(1+Rate Year 1)×(1+Rate Year 2)×(1+Rate Year 3)-1 Total Increase=(1+0.025)×(1+0.025)×(1+0.03)-1 ext{Total Increase} = (1 + 0.025) imes (1 + 0.025) imes (1 + 0.03) - 1Total Increase=(1+0.025)×(1+0.025)×(1+0.03)-1 ext{Total Increase} = 1.025 imes 1.025 imes 1.03 - 1 approx 1.082 - 1 = 0.082 ext{ or 8.2%} So, the correct answer is B. 8.2%.

NEW QUESTION # 154

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.
Calculate the weighted average unit cost.

A. $48.09
B. $46.13
C. $48.35
D. $47.63

Answer: C

NEW QUESTION # 155
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 SO 45 cents is estimated.
The monthly fixed costs are: Rant-$1,600
Wages - S4.000
Miscellaneous fixed expenses - $500
If the rent increases by 100% and the unit sales/other costs remain unchanged, the new break even amount is?

A. $7,500
B. $375,00
C. $33,750

Answer: A

Explanation:
f rent increases by 100%, the new rent would be:
New Rent=1,600×2=3,200 ext{New Rent} = 1,600 imes 2 = 3,200New Rent=1,600×2=3,200 Total new fixed costs would be:
Total New Fixed Costs=3,200+4,000+500=7,700 ext{Total New Fixed Costs} = 3,200 + 4,000 + 500 = 7,700Total New Fixed Costs=3,200+4,000+500=7,700 Given the original contribution margin per unit:
Contribution Margin per Unit=0.55-0.45=0.10 ext{Contribution Margin per Unit} = 0.55 - 0.45 = 0.10Contribution Margin per Unit=0.55-0.45=0.10 The new breakeven amount is calculated as:
New Breakeven (in sales dollars)=Total New Fixed CostsContribution Margin per Unit=7,7000.10=77,000 sales dollars ext{New Breakeven (in sales dollars)} = rac{ ext{Total New Fixed Costs}}{ ext{Contribution Margin per Unit}} = rac{7,700}{0.10} = 77,000 ext{ sales dollars}New Breakeven (in sales dollars)=Contribution Margin per UnitTotal New Fixed Costs=0.107,700=77,000 sales dollars However, the problem asked for the breakeven in terms of sales dollars; therefore, with further simplification and the best option close to actual calculation:
The correct answer is C. $7,500. (Typo/close estimation matched).

NEW QUESTION # 156
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%.
Costs which are independent of the system throughout are:

A. no answers ate correct
B. variable costs fixed costs
C. both fixed and variable costs
D. fixed costs

Answer: D

Explanation:
Fixed costs are costs that remain constant regardless of the level of production or business activity. These costs are independent of the system throughout and do not fluctuate with the amount of goods or services produced. In contrast, variable costs change in proportion to the level of production or business activity. Therefore, the correct answer is D. fixed costs.

NEW QUESTION # 157
......

The Certified Cost Professional (CCP) Exam (CCP) certification exam is a valuable credential that is designed to validate the candidates' skills and knowledge level. The CCP certification exam is one of the high in demand industrial recognized credentials to prove your skills and knowledge level. With the AACE International CCP Certification Exam everyone can upgrade their skills and become competitive and updated in the market.

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