Free AACE AACE-CEP Exam Questions
Absolute Free AACE-CEP Exam Practice for Comprehensive Preparation
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AACE AACE-CEP Exam Questions
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Provided By: AACE
- Exam: Certified Estimating Professional (CEP)
- Certification: AACE Certified Professional
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Total Questions: 297
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Updated On: Nov 25, 2025
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Rated: 4.9 |
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Online Users: 594
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Question 1
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The all‐in labor cost of a welder (excluding a welding machine) is $60 per hour. The welding machine rental cost is $220 per hour. A welding crew is comprised of two (2) welders and one (1) welding machine. Assume each weld takes two (2) crew hours to complete. What is the cost of completing 20 welds?
Answer: B
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The all‐in labor cost of a welder (excluding a welding machine) is $60 per hour. The welding machine rental cost is $220 per hour. A welding crew is comprised of two (2) welders and one (1) welding machine. Assume each weld takes two (2) crew hours to complete. What is the cost of completing 20 welds?
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Question 2
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A cost that represents funds already spent by virtue of past decisions is:
Answer: D
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A cost that represents funds already spent by virtue of past decisions is:
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Question 3
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A Basis of Estimate (BOE)...
Answer: D
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A Basis of Estimate (BOE)...
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Question 4
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Which of the following is not an example of a variable?
Answer: D
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Which of the following is not an example of a variable?
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Question 5
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_______________ are associated with an asset and extend the cost management information
beyond the acquisition (creation) of the asset to the use and disposal of the asset.
Answer: A
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_______________ are associated with an asset and extend the cost management information
beyond the acquisition (creation) of the asset to the use and disposal of the asset.