Uniform costing benefits
The uniform costing executed? It is beneficial for an organization?
Expert
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.
Specify the basic motivations for the counterparty to enter into the currency swap.
Explain, how economic well-being of a country is improved through free international trade in the goods and services?
The progressives were fascinated in “making people better.” What types of things were they fascinated in changing and who were they aiming their changes at?
What is the difference among personal or real account and nominal account?
Explain the term Responsibility Accounting and types of responsibility centres with example?
The XYZ Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. XYZ South Africa does n
Explain Cost of goods and how they are used in estimating gross profit and net profit of the business?
Explain the term Elder Abuse in brief ?
Define the term Equipment in Accountancy? Why they are used?
Give a short introduction of the term ‘purchase budget’?
18,76,764
1935826 Asked
3,689
Active Tutors
1448769
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!