⟩ Do you know what are the areas where uniform costing can be implemented?
The following are the areas where uniform costing can be implemented:
-In method of pricing the issues
-In method of cost accounting
-In costing techniques
-In methods which are used for valuation of inventories.
-Methods of remunerating workers.
-Methods used for inventory control
-Methods used for valuation of inventories
-Methods used for charging depreciation
-Methods for apportionment and absorption of overheads
-Treatment given to research and development costs, material scrap, wastes and defectives.