Applications of Uniform Costing

Uniform costing can be applied in the following types of undertaking:

1. Manufacturing identical products: Those undertakings which manufactured identical products can use uniform costing system. The nature of the business is the same, therefore, it does not present much of difficulty.

2. Carrying similar operations: Where different industries carry out similar type of service or facility, uniform costing may be applied. For example, service industries like rail or road transport, uniform costing may be applied. For example, service industries like rail or road transport; gas or electricity companies etc. may adopt such a system.

3. Members of the same trade association: A number of concerns engaged in the same industry (may not be manufacturing goods of identical type) bound together through a trade association or otherwise may like to have a uniform costing pattern so as to enable them in having a study of the cost pyramid and getting fixed reasonable prices for their products.

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