Define: Uniform Costing

UK Accounting Glossary

Definition: Uniform Costing


Quick Summary of Uniform Costing


It is a particular technique which applies the usual accounting methods like standard costing, marginal costing, and budgetary control.



What is the dictionary definition of Uniform Costing?

Dictionary Definition


The use of the same basic costing system by a number of different organisations who adopt common costing principles and practices.


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Full Definition of Uniform Costing


It is a particular technique which applies the usual accounting methods like standard costing, marginal costing, and budgetary control.


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Uniform Costing FAQ's


What is uniform costing?

Uniform costing is the application of the same accounting and costing principles, methods or procedures uniformly by various undertakings in the same industry.

What are the objectives of uniform costing?

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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https://payrollheaven.com/define/uniform-costing/
Modern Language Association (MLA):
Uniform Costing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/uniform-costing/.
Chicago Manual of Style (CMS):
Uniform Costing. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/uniform-costing/ (accessed: September 17, 2019).
American Psychological Association (APA):
Uniform Costing. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/uniform-costing/

Definition Sources


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This glossary post was last updated: 5th May 2019.