Question

Uniform Costing helps an individual firm in
O OptionAscertainment of cost
O Cost control and cost reduction
O
Allocation of cost
O Apportionment cost​

Answer 1

Correct Answer is : Cost control and cost reduction

Answer 2

Cost control and cost reduction

• The term uniform costing infers the utilization of a few endeavors of similar costing frameworks, for example, similar essential costing strategies, standards, and methods.

• Like work costing, process costing, and working costing, Uniform Costing isn't a strategy for cost. It is a framework that is consented to be acknowledged and followed by ventures having a place with similar industries.

• It is a framework as per which the undertakings which have consented to follow it choose to utilize normal or uniform standards, techniques, and systems of costing, so their expense records and exhibitions become tantamount to one another.