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 fora) Marginal Costing |
The existence of uniform costing leads to mcqa) uniform wage structure in all member units. |
Following is the basic principles of Uniform Costinga) Pricing |
Uniform costing facilitates which audita) 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.a) Customers |
Uniform costing serves as a pre-requisite to financial audit.A.True Uniform costing can be employed in process industries also.A. True Uniform costing is a costing methodA. True The cost of installation of a uniform costing system is……….A. Low 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.A. True Uniform costing is a useful tool for management control.A. True Uniform cost manual is very important document for successful installation and operation of uniform costing system.A. True Uniform costing requires at most co-operation, openness and confidence among the members of the business.A. True Price based on uniform cost structure supervised by association of an industry tend to be comparatively…..A. stable The firm which are producing identical products can adopt more suitably the method of …….costing.A. uniform The system of uniform costing was first introduced inA.USA In ….. the National Association of the Store manufactures of the USA introduced first scheme of uniform Costing.A) 1889 Inter Firm Caparisons become meaning less in the absence of —-System.A. Uniform Costing |
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