UK Accounting Glossary
It is a particular technique which applies the usual accounting methods like standard costing, marginal costing, and budgetary control.
The use of the same basic costing system by a number of different organisations who adopt common costing principles and practices.
Uniform costing is the application of the same accounting and costing principles, methods or procedures uniformly by various undertakings in the same industry.
The objectives of uniform costing are to standardise accounting methods and to assist in determining suitable prices of products of firms which adopt this method.
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This glossary post was last updated: 5th May 2019.