Uniform costing is a natural outcome of
a) Inter-firm comparison
b) Cash flow comparison
c) Standard Costing
d) Absorption Costing.
Uniform Costing MCQ with Answers
Uniform costing is a separate method which is adapted for
a) Marginal Costing
The existence of uniform costing leads to mcq
a) uniform wage structure in all member units.
Following is the basic principles of Uniform Costing
Uniform costing facilitates which audit
a) Financial Audit
Uniform costing helps an individual firm in
(a) Ascertainment of cost (b) Cost control and cost reduction
Uniform costing helps……….. in regulating the prices of production.
Uniform costing serves as a pre-requisite to financial audit.
Uniform costing can be employed in process industries also.
Uniform costing is a costing method
The cost of installation of a uniform costing system is……….
Mutual trust and co-operation is the basic principle of ……
A. Marginal costing
.…………… helps the undertaking and their officers to check and ensure that their uniform costing system is in accordance with the uniformity requirement.
A. Uniform cost manual
Uniform costing system and inter firm comparison are independent of each other.
Uniform costing is a useful tool for management control.
Uniform cost manual is very important document for successful installation and operation of uniform costing system.
Uniform costing requires at most co-operation, openness and confidence among the members of the business.
Price based on uniform cost structure supervised by association of an industry tend to be comparatively…..
The firm which are producing identical products can adopt more suitably the method of …….costing.
The system of uniform costing was first introduced in
In ….. the National Association of the Store manufactures of the USA introduced first scheme of uniform Costing.
Inter Firm Caparisons become meaning less in the absence of —-System.
A. Uniform Costing
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