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CAPACITY DETERMINATION - (REVISED 2012)

CAS - 02 - Rule - Companies Law - CAS - 02 - CAS - 2 (REVISED 2012) COST ACCOUNTING STANDARD ON CAPACITY DETERMINATION The following is the Cost Accounting Standard - 2 (Revised 2012) issued by the Cost Accounting Standards Board of the Institute of Cost Accountants of India on "Capacity Determination". In this Standard, the standard portions have been set in bold italic type. These are to be read in the context of the background material, which has been set in normal type. 1. Introduc .....

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e presentation and disclosure in cost statements. 2. Objective: The objective of this standard is to bring uniformity and consistency in the principles and methods of determination of capacity with reasonable accuracy. 3. Scope: This standard shall be applied to the cost statements, including those requiring attestation, which require determination of capacity for assignment of overheads. 4. Definitions: The following terms are being used in this standard with the meaning specified. 4.1 Abnormal .....

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nit in relation to which costs are finally ascertained.] 4.4 Installed Capacity: Installed Capacity is the maximum productive capacity, according to the manufacturer's specifications or determined through an expert study. 4.5 Normal Capacity: Normal Capacity is the production achieved or achievable on an average over a period or season under normal circumstances taking into account the loss of capacity resulting from planned maintenance. Normal capacity is sometimes referred to as practical .....

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machines (iv) Number of shifts In case manufacturers' technical specifications are not available, the estimates by technical experts on capacity under ideal conditions shall be considered for determination of installed capacity. In case any production facility is added or discarded the installed capacity shall be reassessed from the date of such addition or discard. In case the same is reassessed as per direction of the Government, it shall be in accordance with the principles laid down in t .....

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