CUET-PG SERIES Commerce
Production And Cost
5 previous year questions.
Volume: 5 Ques
Yield: Medium
High-Yield Trend
5
2025 Chapter Questions 5 MCQs
01
PYQ 2025
medium
commerce ID: cuet-pg-
Arrange the following cost concepts in the correct order in which they appear in the Cost Sheet.
(A) Works Cost
(B) Cost of Sales
(C) Prime Cost
(D) Cost of Production
(B) Cost of Sales
(C) Prime Cost
(D) Cost of Production
1
(A), (C), (B), (D)
2
(C), (A), (B), (D)
3
(A), (C), (D), (B)
4
(C), (A), (D), (B)
02
PYQ 2025
medium
commerce ID: cuet-pg-
In a factory 1,000 workers were idle because of a power failure. As a result, a loss of production of 2,000 units of Product X and 4,000 units of Product Y occurred. Each employee was paid a normal wage at the rate of Rs. 100 per hour. One standard hour is required to manufacture five units of Product X and four units of Product Y. How much is the Idle Time Variance due to power failure?
1
Rs. 1,40,000 (Adverse)
2
Rs. 1,00,000 (Adverse)
3
Rs. 6,00,000 (Adverse)
4
Rs. 2,40,000 (Adverse)
03
PYQ 2025
medium
commerce ID: cuet-pg-
Sale price = Rs. 50/unit, Variable cost = Rs. 30/unit, Fixed cost = Rs. 20000. Find units to earn Rs. 5000 profit.
1
1000 units
2
800 units
3
1250 units
4
700 units
04
PYQ 2025
medium
commerce ID: cuet-pg-
At a given cost level, a graph which shows combinations of labor and capital that can be used to produce is called:
1
Indifference Curve
2
Budget Line
3
Isocost Curve
4
Production Possibility Curve
05
PYQ 2025
medium
commerce ID: cuet-pg-
At a given cost level, a graph which shows combinations of labor and capital that can be used to produce is called:
1
Indifference Curve
2
Budget Line
3
Isocost Curve
4
Production Possibility Curve