--%>
Assignment Help - homework help

Demerits of implementing Uniform Costing

Write down the demerits of implementing Uniform Costing?

E

Expert

Verified

There are few demerits of implementing Uniform Costing. The main demerits are illustrated below:

-As the situations in that firms manage are various, thus it is not easy to have uniform standards, processes of costing.

-The techniques and practices followed through different units in the industry differ from one unit to any other.

-Cost of operation and installation of uniform costing system are elevated for small units therefore they can’t afford it.

-If any reservation is made while giving positive information then the statistics accessible can’t be relied upon.

-It might build circumstances which might lead to monopolistic tendencies consequential in curtailed supplies and higher prises.

   Related Questions in Financial Accounting

  • Q : Explain Control of Cash Explain Control

    Explain Control of Cash. Illustrate briefly.

    		•
  • Q : Characteristics of Composite currency

    State the characteristics of the Composite currency bonds market instrument.

    		•
  • Q : Credit Claims How to handle the Credit

    How to handle the Credit Claims?

    		•
  • Q : Creatives and Suites What happens when

    What happens when creativity based on individual exceptionalism has evolved as part of the orthodoxy of Western managerial practice is applied within a creative business organisation in the business of “symbolic production&rdquo

    		•
  • Q : Stages in the life cycle of a family

    There are seven typical stages in the life cycle of a family with children. Fully explain and give an example to describe each of those seven stages.

    		•
  • Q : Please help me he following information

    he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost

    		•
  • Q : Uncertainty in dollar/franc exchange

    Suppose that your company has an equity position within the French firm. Explain some of the condition under which the dollar/franc exchange rate uncertainty does not have the exchange exposure for your company.

    		•
  • Q : What is Freight-in What is Freight-in

    What is Freight-in and what are its conditions?

    		•
  • Q : Effects of foreigners portfolio

    Since early 1980s, foreign portfolio investors has purchased a considerable portion of the U.S. treasury bond issues.  Explain some short-term and long-term effects of the foreigners’ portfolio investment over the U.S. balance of payments.

    		•
  • Q : Forward cross-rates in German terms

    Compute 30-, 90-, and 180-day forward cross exchange rates between German mark and Swiss franc by utilizing the most recent quotations.  Specify forward cross-rates in “German” terms.

    		•