--%>
Assignment Help - homework help

Uniform costing benefits

The uniform costing executed? It is beneficial for an organization?

E

Expert

Verified

Uniform costing method is executed due to the following merits:

- A helpful instrument for management manages as the individual performance is evaluated against norms set up for the industry as a entire.

- It keeps away from cut-throat competition.

- Weaker units can take the benefit of the well-organized techniques of production so as to raise their own effectiveness.

- The accomplishments in development and research programmers might be distributed through the superior units with the lesser units.

- Provides the most excellent cost control system or cost appearance in the whole industry.

- It helps out in enlightening the fewer informed units concerning the cost accounting techniques.

- It allows a proportional appraisal between the two sectors.

- It assists the government in changeable prices of vital and imperative items.

- It assists in price fixation.

- It makes simpler the work of wage boards to fix least amount and fare salaries for a firm.

- It assists trade organization in consulting the government in the trade issues.

   Related Questions in Financial Accounting

  • Q : Explain Gross margin Explain Gross

    Explain Gross margin with their appropriate formulas?

    		•
  • Q : Balance sheet A listing of the

        A listing of the liabilities, assets, and equity of an entity at a point in time, the end of a month, or quarter, or year. It is one of the four financial statements required in a full financial report. The balance sheet gives the reader what the entity owns (assets)

    		•
  • Q : What are Personal accounts What are

    What are Personal accounts. Describe their types?

    		•
  • Q : Computing cross-rate matrix Compute

    Compute cross-rate matrix for French franc, Japanese yen, German mark, and the British pound. Utilize most recent European term quotes in order to compute the cross-rates in order that the triangular matrix result is same as that of the portion above diagonal in Exhib

    		•
  • Q : Firms attaining the U.S. firms

    Presently, several foreign firms from both the developed and developing countries attained high-tech U.S. firms. What would have motivated these firms in order to attain the U.S. firms?

    		•
  • Q : Assessing risk in the workplace

    Describe the primary steps in assessing risk in the workplace with respect to Health and safety, identify and discuss what actions should be taken to manage or wipe out the risks posed?

    		•
  • Q : Personal identities-Organization health

    Personal identities: Generally employees like to work as they interact with animals and success motivates them, they learn new things in their routine job and they are a member to team.  But some job requirements like conducting euthanasia impact

    		•
  • Q : Explain the term Fixed Assets Explain

    Explain the term Fixed Assets and what are their advantages in production or business aims?

    		•
  • Q : Case study of Espresso Tax Seattle is

    Seattle is currently considering a 10-cent tax on espresso drinks to pay for pre-school and day-care programs. The legislation’s sponsor, Rep. Burbank, argues that people who spend $3-5 on exotic espresso based coffee drinks can afford – and will be &ldquo

    		•
  • Q : Security returns Security returns are

    Security returns are found to be less correlated across various countries rather than within the country. Explain Why?

    		•