The technique where standardized principles and methods of cost accounting are employed by a number of different companies and firms is:

CS Executive · Cost and Management Accounting · PYQS · December 2020
The technique where standardized principles and methods of cost accounting are employed by a number of different companies and firms is:
(A) Standard Costing
(B) Uniform Costing
(C) Single Costing
(D) Absorption Costing

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Costing Methods

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