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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.
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