Uniform Costing Question:

Explain what is the scope of uniform costing?

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Answer:

Uniform costing method can be advantageously applied:

-In single organisation having number of branches.

-In a number of firms in the same industry who are inter connected through trade association.

- In industries which are similar such as cotton, gas and electricity.

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What is uniform costing?Do you know what are the areas where uniform costing can be implemented?