UGC NET Cost accounting Previous Year Questions
JRFSmart holds 42 previous-year questions on Cost accounting from UGC NET Commerce (Paper 2), filed under Unit 2: Accounting and Auditing, drawn from 19 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Cost accounting
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Marginal costing - assumptions | 2 |
| Material usage variance | 2 |
| Standard and estimated cost | 1 |
| P/V ratio | 1 |
| Activity-based costing | 1 |
| Material cost variance | 1 |
| Methods of determining cost behaviour | 1 |
| Costing and analysis techniques | 1 |
| Activity, capacity and efficiency ratios | 1 |
| When process costing applies | 1 |
| Standard costing process | 1 |
| Overhead variance - total | 1 |
NTA repeat analysis
Cost accounting appears in 19 of 22 papers (86%), which JRFSmart rates as high frequency.
Sample previous-year questions
Determine the P/V ratio from the following particulars. Total Fixed Cost Rs 12,000. Actual Sales Rs 48,000. Margin of Safety Rs 8,000
Match the LIST-I with LIST-II LIST I | LIST II A. Direct material cost variance | I. Standard price x (Revised standard quantity - Actual Quantity) B. Direct material price variance | II. Standard price x (Standard Quantity for actual output quantity -…
Arrange the practical steps involved in the preparation of process account where there is work in progress. A. Prepare process account B. Prepare statement of Evaluation C. Prepare statement of cost per equivalent unit D. Prepare statement of equivalent…
A Ltd. makes plastic buckets. Selling price per bucket is Rs.210 and variable cost per bucket is Rs.60. Fixed cost of making buckets is Rs.1,50,000 for the year. The number of buckets to be sold to get a profit of Rs.90000 is:
The Break Even point expressed in amount of sales in rupees of X Ltd having selling Price of Rs. 20 per unit, variable cost of Rs. 14 per unit and fixed cost of Rs. 7,92,000 is :
Arrange the following steps of Activity Based Costing (ABC) in proper sequence - A. Staff Training and Review Follow up B. Identify Main Activities C. Process specification D. Identify Non-value adding Activity and cost pools E. Selection of Activity Cost…
If selling price per unit is Rs.56.00. Variable cost per unit is Rs.32.00 and total fixed cost is Rs.60,000, what is the number of units that used to be sold in order to achieve a profit of Rs.84,000?
Which of the following are NOT assumptions of Marginal Costing? A. The total cost can be segregated into fixed and variable components. B. Fixed costs per unit of production remains constant. C. Variable cost remains constant per unit of output. D. The…
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Practise Cost accounting
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