uniform costing

What is uniform costing

The use by a number of understandings of the same costing methods, principles and techniques

What are the features of uniform costing?

Valuation bases, agreed cost classifications, agreed costing principles and techniques, similar cost statements and standard accounting principles

What are the advantages of uniform costing?

Lower staff costs, greater staff interchangeability, high professional standards and genuine cost comparability

What are the disadvantages of uniform costing?

Inflexibility to changing circumstances and inappropriateness to certain organizations