--%>
Assignment Help - homework help

Pre-requisites for accomplishment of uniform cost

Write down the pre-requisites for triumphant accomplishment of uniform costing?

E

Expert

Verified

The pre-requisites for triumphant accomplishment of uniform costing are illustrated below:

-Firms in the industry must have communal faith and motivation to share relevant information.

-A spirit of cooperation must be there between the participating firms

-Free exchange of thoughts, techniques employed.

-superior firms must take the lead to distribute with smaller firms, their knowledge, accomplishments of effectiveness, improvements and know how to facilitate the later to get better their performance.

-No withholding or hiding of information.

-No challenge, competition between the competitors.

-Uniformity should be recognized with look upon to several subsequent points before introducing uniform costing in the industry:

i) Size of the units in the industry
ii) Production methods
iii) Accounting principles, methods employed

   Related Questions in Financial Accounting

  • Q : International bonds Explain why most of

    Explain why most of the international bonds have high Moody’s or Standard & Poor’s credit ratings?

    		•
  • Q : Implications of fixed and flexible

    Explain “balance of payments” identity and discuss some of its implications under the fixed and flexible exchange rate regimes.

    		•
  • Q : Abnormal profits Atypically large

      Atypically large proceeds made by an individual or company from commercial activity. An abnormal profit exceeds the normal chance for profit derived from labor costs and capital and considered normal profit. Abnormal profit in a business resides of monopoly and consortium profits.

    		•
  • Q : What is Creditors Equity What is

    What is Creditor's Equity. Also write down its formula.

    		•
  • Q : Stages in the life cycle of a family

    There are seven typical stages in the life cycle of a family with children. Fully explain and give an example to describe each of those seven stages.

    		•
  • Q : State Return on Investment or ROI

    Return on Investment (ROI): It is a performance measure employed to calculate the efficiency of an investment or to compare the effectiveness of a number of various investments. To compute ROI, the advantage (return) of an investment is divided by the

    		•
  • Q : What is Purchase What is Purchase .

    What is Purchase. Briefly state the definition of it?

    		•
  • Q : Applications of Matlab in Embedded

    Do you face difficulty with embedded system problems using matlab? Do you require help in embedded system assignment and project? We have team of tutors who are highly qualified and practiced in embedded system using matlab. They have vast industrial knowledge of matlab. W

    		•
  • Q : European term bid-ask quotes Restate

    Restate following one-, three-, and six-month outright forward European term bid-ask quotes in forward points. Spot               1.3431-1.3436

    Q : Investment approach of Bill Miller

    Investment approach of Bill Miller: In comparison to both Warren Buffet and Peter Lynch, Miller is considered to be a slightly more aggressive investor.  Miller believed in playing big which meant that he used

    		•