--%>

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 : Forecast future and forward exchange

    It is extremely difficult in order to forecast future exchange rates more precisely as compared to forward exchange rate or to the current spot exchange rate, as per the researchers. How these findings can be interpreted?

  • Q : Case study of a global economy The

    The economic recovery is seemingly on track and in fact strengthened during the first half of 2010. The global financial market however, suffered a setback with the turmoil in sovereign debt markets leading to sharp currency movements. The extent of recovery varies ac

  • Q : Define purchase budget Give a short

    Give a short introduction of the term ‘purchase budget’?

  • Q : Goals of Social Democrats What were the

    What were the goals of Social Democrats? What did Anarchists want?

  • Q : What is Market for foreign exchange

    Provide a complete definition of Market for foreign exchange.

  • Q : Help Otobai Motor Company is currently

    Otobai Motor Company is currently paying a dividend of $1.40 per year. The dividends are expected to grow at a rate of 18% for the next three years and then a constant rate of 5% thereafter forever. What is the value of its current stock price? Assuming that the discount rate is 10%.

  • 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 : Euro-medium-term-note market State

    State difference between the Euro-medium-term-note market, the Euro note market, and the Euro commercial paper market?

  • Q : Introduction of the term Financial

    Give a brief introduction of the term ‘Financial Accounting’. And also write down its elements?

  • Q : What is Subsidiary bank State what is

    State what is meant by Subsidiary bank.