Question

Uniform costing is a natural outcome of​

Answer 1

Answer:

Inter-firm comparison is a natural outcome of uniform costing system. ... Inter-firm comparison can be defined as the technique of evaluating the relative performance, efficiency, costs and profits of firms in a given industry'.

Answer 2

Uniform costing is a natural outcome of​ inter-firm comparability.

• A unified costing system naturally leads to inter-firm comparability.
• The foundation stone on which the IFC structure is built and implemented on a large scale is uniform costing.
• The technique of comparing the relative performance, efficiency, costs, and profits of enterprises in a specific industry is known as an inter-firm comparison.