In this article we will discuss about:- 1. Meaning and Definition of Uniform Costing 2. Requisites for Installation of Uniform Costing 3. Uniform Cost Manual 4. Benefits 5. Limitations. Meaning and Definition of Uniform Costing: CIMA defines Uniform Costing as "the use by several undertakings of the same costing principles and/or practices". Uniform costing is not a new concept or [...]
In this article we will discuss about Uniform Costing in Industries:- 1. Meaning of Uniform Costing 2. Features of Uniform Costing 3. Scope 4. Need 5. Objectives 6. Fields. Contents: Meaning of Uniform Costing Features of Uniform Costing Scope of Uniform Costing Need for Uniform Costing Objectives of Uniform Costing Fields Covered by Uniform Costing System 1. Meaning of Uniform [...]
In this article we will discuss about the advantages and limitations of uniform costing. Advantages of Uniform Costing: Advantages of uniform costing can be discussed under different headings: (A) To Member Units: 1. It facilitates cost comparison among different units which helps to know weak points of a unit. 2. The services of a professional cost and management accountant or [...]