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CXC CAPE · · Accounting

Standard costing
Practice Questions

40 CXC CAPE Accounting questions on Standard costing, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Standard costing.

Try 2 sample questions on Standard costing

Question 1 · 1 mark · Difficulty 1/3

What is a standard cost?

  1. The lowest cost at which a unit has ever been produced
  2. The predetermined cost of one unit under efficient operating conditions
  3. The average cost of a unit over the past three years
  4. A forecast of what a unit is expected to cost next period
Show answer & explanation
✓ Answer: BThe predetermined cost of one unit under efficient operating conditions
Award 1 mark. It states what a unit *ought* to cost, which is what distinguishes it from a forecast of what it will cost.
Question 2 · 1 mark · Difficulty 1/3

What are the two components of any standard?

  1. A fixed element and a variable element
  2. A quantity and a price
  3. A budget and an actual figure
  4. A direct cost and an indirect cost
Show answer & explanation
✓ Answer: BA quantity and a price
Award 1 mark. The material standard says how many kilograms and at what cost per kilogram; the labour standard says how many hours and at what rate.
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20 questions · 25 min · free

CXC CAPE Accounting: Standard costing FAQ

Is Kramizo free for CXC CAPE students preparing for Accounting?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Standard costing practice with other Accounting topics or even switch to a totally different CXC CAPE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Standard costing questions aligned to the official CXC CAPE Accounting syllabus?
Every question is written against the published CXC CAPE Accounting specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC CAPE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CXC CAPE.
How is Standard costing typically tested on CXC CAPE Accounting papers?
Standard costing appears across multiple question types on real CXC CAPE Accounting papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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