CA IPCC Costing Important Questions For Nov 2019 | Main Chapters

Check CA IPCC Costing Important Questions For Nov 2019 | Main Chapters. In the previous articles, we have given CA IPCC Accounting and Financial Management (FM) chapter wise important questions for November 2019 attempt. Today we are providing CA IPCC cost accounting most important questions for November 2019 attempt (सीए आई.पी.सी.सी कॉस्ट एकाउन्टिंग इम्पोर्टेन्ट प्रश्न). With only a few days left for the CA IPCC exam Nov 2019, students have very less time to cement their learnings and get well prepared to write the perfect exams. During these days before the exams, students should avoid studying anything new. They must focus on practising and revising what they have studied until now.

Moreover, they must go through the important topics and practice the questions related to those topics. This will help to fine-tune your preparations for the board exams. It’s very essential that students pick reliable study material and practice manual, which provide only important and meaningful stuff so that students are able to make an effective preparation for the exam.

Download the CA IPCC Cost Accounting Important Questions in this article. Here we have given all the important question on Cost Accounting Paper. Here we have mainly given the expected important questions for Cost Accounting given for both Theory Questions and Practical Questions. People who are preparing for the CA IPCC Cost Accounting Exam can follow these questions for their exams preparation. If you don’t have time, here we have given all 4 marks important questions, 8 marks important questions and 16 marks important questions. So prepare all these short answers questions and long answers questions.

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CA IPCC Costing Important Questions For Nov 2019 (Theory)

Here we have given the CA IPCC Cost Accounting important theory questions. The below-given questions are the guess questions for a Cost Accounting exam. Here we have given CA IPCC cost accounting expected questions related on 4 Marks, 8 Marks and 16 Marks. Please Have a Look!


  1. Discuss the four different methods of costing along with their applicability to the concerned industry?
  2. Define Product costs. Describe three different purposes for computing product costs.
  3. Explain Pre-production Costs iii) Training Costs. Research and Development Costs
  4. Discuss the four different methods of costing along with their applicability to the concerned industry?
  5. Differentiate between cost control and cost reduction.
  6. Discuss with example the level of activity method of segregating Semi-variable costs into fixed and variable costs.
  7. What is meant by cost centre?
  8. Discuss the essential features of a good cost accounting^Mrem?
  9. Enumerate the factors which are to be considered before installing a system of cost accounting.
  10. State the method of costing and the suggestive unit of cost for the following
a)Transporth)Bridge Constructionn)Sugar Company having
b)Poweri)Interior Decorationits own sugarcane fields
c)Hotelj)Advertising°)Toy making
e)Steel1)Brick-worksq)Radio assembling
f)Coalm)Oil refining millr)Shipbuilding


  1. Identify the methods of costing for the following:
  • Where all costs are directly charged to a specific job.
  • Where all costs are directly charged to a group of products.
  • Where cost is ascertained for a single product.
  • Where the nature of the product is complex and the method cannot be ascertained
  1. State the types of cost in the following cases:
  •  Interest paid on own capital not involving any cash outflow.
  • Withdrawing money from bank deposit for the purpose of purchasing new machine for expansion purpose.
  • Rent paid for the factory building which is temporarily closed
  • The cost associated with the acquisition and conversion of material into the finished product.


  1. Write a short note on Material Requisition Note.
  2. Distinguish clearly between Bin cards and Stores Ledger.
  3. Explain the concept of “ABC Analysis” as a technique of inventory control.
  4. Distinguish between Re-order level and Re-order quantity.


  1. Discuss the accounting treatment of Idle time and overtime wages. Discuss the effect of overtime payment on productivity.
  2. Discuss the objectives of time keeping & time booking.
  3. Discuss the two types of cost associated with labour turnover.


  1. Distinguish between cost allocation and cost absorption.
  2. Explain Single and Multiple Overhead Rates.
  3. How would you treat the idle capacity costs in Cost Accounts?


  1. Explain the treatment of administration overheads.
  2. State the advantages of cost sheets.


  1. What are the essential pre-requisites of an integrated accounting system?
  2. What are the advantages of integrated accounting?
  3. What are the reasons for the disagreement of profits as per cost accounts and financial accounts? Discuss.


  1. How Economic Batch Quantity is determined?
  2. State how Economic Batch Quantity is determined?
  3. Describe Unit Costing and Batch Costing giving examples of Industries where this are used?


  1. What is the cost-plus contract? State its advantages.
  2. Describe job Costing and Batch Costing gives examples of industries where this are used?
  3. Write notes on Escalation Clause.
  4. Explain the Retention of money in Contract costing.


  1. Explain equivalent units.
  2. “Operation costing is defined as the refinement of Process costing.” Explain it. What is inter-process profit? State its advantages and disadvantages.


  1. How apportionment of joint costs up to the point of separation amongst the joint products using market value at the point of separation and net realizable value method is done? Discuss.
  2. Describe briefly, how joint costs up to the point of separation apportioned amongst the joint products under Net Realizable Value method.


  1. What do you understand by Operating Costs? Describe its essential features and state where it can be usefully implemented?
  2. Explain briefly, what do you understand by Service Costing.
  3. What are the features of service costing?


  1. Discuss the types of standards.
  2. Discuss the various types of fixed overhead variances.


  1. Elaborate on the practical application of Marginal Costing.
  2. Write a short note on Angle of Incidence.
  3. Explain and illustrate break-even point with the help of break-even chart.
  4. Discuss basic assumptions of Cost Volume Profit analysis.
  5. Elaborate on the practical application of Marginal Costing.
  6. Discuss the points of difference between absorption costing and marginal costing
  7. Write a short note on Margin of safety.


  1. Explain briefly the concept of ‘Flexible budget’.
  2. Distinguish between Fixed and flexible budget.
  3. Explain the Essentials of budget.

CA IPCC Costing Practical Important Questions will be updated soon.

We hope with the help of this article, now you know the what are the important topics in CA IPCC Costing for Nov 2019 (सीए आई.पी.सी.सी कॉस्ट एकाउन्टिंग इम्पोर्टेन्ट प्रश्न) attempt. People who are searching for the CA IPCC Cost Accounting important Questions for CA exam can utilize these questions for their exam preparation. Students should understand that it is not recommended to skip some topics and read only a few important ones. Try to cover entire IPCC syllabus and that’s what ICAI expects from you and even IPCC question papers are based on that. These important questions are for those students who don’t prepare well for the exam and try to get at least 40 marks. So don’t depend on these questions if you have so much time for the exams. If you have any doubts the comment below. We will try to help you. And don’t forget to share this article with your friends who are going to write CA IPCC exams in November 2019.

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