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Limitations of Uniform Costing are as follows :
1. In many times it is not possible to adopt uniform standards, methods and procedures of costing in different firms due to differing or changing circumstances in which they operate. As a result, the adoption of uniform costing becomes difficult in such firms.
2. Disclosure of cost information and other data is an essential requirement of a uniform costing system. Many firms do not wish to share such information with their competitors in the same industry.
3. Small firms in an industry believe that uniform costing system is only meant for big and medium size firms, because they cannot afford it.
4. It induces monopolistic trend in the business, due to which prices may be increased
artificially and supplies withheld.
