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Download Certified Cost Professional (CCP) Exam Exam Dumps
NEW QUESTION 54 
The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Given a unit price contract between the owner and contractor, each assumes the following:
- A. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
- B. Bid unit rate, owner quantities are within estimate range
- C. Contractor can perform at or below bid unit rate, owner quantities are within estimate range
- D. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above
Answer: C
NEW QUESTION 55
A schedule's late dates are calculated during the:
- A. Backward pass
- B. Loop calculations
- C. Forward pass
- D. Float
Answer: A
NEW QUESTION 56
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.
Depreciation (in the United States) is calculated in accordance with which of the following?
- A. Generally Accepted Accounting Practices (GAAP)
- B. The Federal IRS Reform Act (FIRSRA)
- C. Modified Accelerated Cost Recovery System (MACRS)
- D. Accelerated Cost Recovery System (ACRS)
Answer: D
NEW QUESTION 57
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:
- A. Bid bond
- B. Performance bond
- C. Surety bond
- D. Liability bond
Answer: A
NEW QUESTION 58
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