Demerits of implementing Uniform Costing

Write down the demerits of implementing Uniform Costing?

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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.

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