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Subjects · Leaving Cert Accounting

Leaving Cert Accounting: Product costing

How often Product costing comes up on the Accounting papers, every year it was asked, and questions to try.

HL Asked on 6 of the last 10 Higher Level papers, most recently in 2026. most years

OL Asked on 5 of the last 10 Ordinary Level papers, most recently in 2025.

Product costing, Higher Level(6 marks)

Quick ones on Product costing.

(a)Per unit: materials €30, direct labour €20, overheads €10. Prime cost?
  1. €60
  2. €50
  3. €30
(b)Total cost per unit €60; mark-up 20% on cost. Selling price?
  1. €66
  2. €75
  3. €72
(c)Job costing suits…
  1. One-off orders made to a customer's specification
  2. Farming and other seasonal businesses only
  3. Continuous mass production of large runs of identical items
Show the answers

(a) €50

(b) €72

(c) One-off orders made to a customer's specification

Your turn: Higher Level questions on Product costing.

Higher Level

Asked on 6 of the last 10 Higher Level papers, most recently in 2026. most years

Every paper, year by year

YearWhere it came up
2026Q8
2025Not asked
2024Not asked
2023Not asked
2022Q8
2021Q8
2019Q8
2018Q8
2017Not asked
2016Q8

Links open the State Examinations Commission’s paper for that year.

More Product costing questions

Product costing, 2 marks

Total cost per unit = prime cost + …

  1. Profit added per unit
  2. Selling price per unit
  3. Overheads absorbed per unit
Show the answer

Overheads absorbed per unit

E.g. prime cost €50 + overheads absorbed €10 = total cost €60. Profit is then added on top to set a selling price.

Product costing, 2 marks

Job cost €2,000; price €2,500. Mark-up on cost?

  1. 50%
  2. 25%
  3. 20%
Show the answer

25%

Profit = €2,500 − €2,000 = €500. Mark-up = €500 ÷ €2,000 × 100 = 25% (a 20% margin).

Ordinary Level

Asked on 5 of the last 10 Ordinary Level papers, most recently in 2025.

Every paper, year by year

YearWhere it came up
2026Not asked
2025Q8
2024Not asked
2023Q8
2022Not asked
2021Q8
2019Q8
2018Not asked
2017Q8
2016Not asked

Links open the State Examinations Commission’s paper for that year.

More Product costing questions

Product costing, 3 marks

Direct labour: 20 hours at €15 per hour. Direct labour cost?

  1. €35
  2. €150
  3. €300
Show the answer

€300

20 hours × €15 = €300.

Product costing, 3 marks

Direct materials: 5 kg at €8 per kg. Direct materials cost?

  1. €1.60
  2. €40
  3. €13
Show the answer

€40

5 kg × €8 = €40.

Product costing, 3 marks

Job: materials €400; direct labour €300; overheads €200. Total cost?

  1. €900
  2. €700
  3. €500
Show the answer

€900

Total cost = materials + labour + overheads = €400 + €300 + €200 = €900.

Other Accounting topics

All of Leaving Cert Accounting