Uniform costing is not a method of costing like marginal costing or ABC. But it is good costing system to operate a business in which all the companies in any industry follow the same type of costing principles and methods. For example, we talk about electrical industry. Bajaj International Private Ltd, Bharat Heavy Electricals Limited (BHEL), Centre for Electronics Design and Technology and Crompton Greaves Limited (CGL)are the main electrical companies. If these companies join and make a costing system in which they will use same costing methods and techniques, then it will be said that these are following uniform costing. With this, these companies reduce unhealthy competition.