What is uniform costing? What is the scope of uniform costing?

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

Uniform costing method can be advantageously applied:

- In single organisation having number of branches.

- In a number of firms in the same industry who are inter connected through trade association.

- In industries which are similar such as cotton, gas and electricity.