Accounting 9706 · AS & A Level

Standard costing

29 practice questions on Standard costing, with worked solutions and instant marking.

Alfa makes a single product. Budgeted production and sales in March were 8000 units. The per-unit budgeted figures are provided alongside the actual March results.

Feb/March 2016

Joshua produces one product and applies standard costing.

Feb/March 2017

Refer to Source B2 in the Insert.

Feb/March 2019

Refer to Source B1 in the insert.

Feb/March 2021

Khalid runs a blanket-making business, and he is now using a standard costing system.

May/June 2016

SM Limited manufactures a single product. In a typical month, 1000 units are produced and sold at $150 each. Standard costs are provided.

May/June 2017

EF plc produces only one product, and it holds no inventories of materials or finished goods.

May/June 2017

C Limited makes tables. Every table needs the following:

May/June 2018

G Limited makes just one product. The budgeted and actual production data for March 2019 are given.

May/June 2019

G Limited produces only one product. The budgeted data for March 2019 is given.

May/June 2019

Read Source B1 in the Insert carefully.

May/June 2020

Read Source B2 from the insert booklet.

May/June 2022

Consult Source B in the insert.

May/June 2023

Refer to Source B in the insert.

May/June 2024

Please read Source B in the accompanying insert.

May/June 2024

Refer to Source B in the insert.

May/June 2025

Billyjo manufactures one product. The business uses a standard costing system, and every item produced in the month is sold, with no inventory carried.

Oct/Nov 2016

S Limited manufactures perfume. Budgeted and actual production together with cost data for July are shown.

Oct/Nov 2017

Tareq produces one product and operates a standard costing system. The July budget is based on standard data, and the actual results are given.

Oct/Nov 2018

Oscar manages a manufacturing business that uses a standard costing system.

Oct/Nov 2019

Mohindra uses a standard costing system.

Oct/Nov 2019

Consult Source B2 in the insert.

Oct/Nov 2020

Look at Source B2 in the insert.

Oct/Nov 2020

Read Source B2 in the insert carefully.

Oct/Nov 2022

Section B: Cost and Management Accounting. Use Source B1 from the insert.

Oct/Nov 2022

Use Source B from the insert.

Oct/Nov 2023

Use Source A in the insert.

Oct/Nov 2024

Study Source B in the insert.

Oct/Nov 2025

Study Source A in the insert.

Oct/Nov 2025