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Cost of Service Cost Centre

CAS - 13 - Rule - Companies Law - CAS - 13 - CAS - 13 The following is the COST ACCOUNTING STANDARD - 13 (CAS - 13) issued by the Council of The Institute of Cost and Works Accountants of India on "". 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. Introduction 1.1 This standard deals with the principles and methods of determining the . 1.2 This standard cover .....

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methods of determining the with reasonable accuracy. Scope 3. This standard should be applied to the preparation and presentation of cost statements, which require classification, measurement and assignment of , including those requiring attestation. Definitions 4. The following terms are being used in this standard with the meaning specified. 4.1 Abnormal cost: An unusual or a typical cost whose occurrence is usually irregular and unexpected and/or due to some abnormal situation of the producti .....

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r unit in relation to which costs are finally ascertained.4 4.4 Distribution Overheads: Distribution Overheads, also known as Distribution Cost, are the costs incurred in handling a product / service from the time it is ready for despatch until it reaches the ultimate consumer including the units receiving the product / service in an inter-unit transfer.5 The cost of any non manufacturing operations such as packing, repacking, labelling, etc. at an intermediate storage location will be part of d .....

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ncy borrowings to the extent they are regarded as an adjustment to the interest costs6. The terms Finance costs and Borrowing costs are used interchangeably. 4.6 Imputed Costs: Hypothetical or notional costs, not involving cash outlay, computed for any purpose.7 4.7 Marketing overheads: Marketing Overheads are also known as Selling and Distribution Overheads. 4.8 Normal capacity: Normal Capacity is the production achieved or achievable on an average over a number of periods or seasons under norm .....

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sales management for the organization.10 4.11 Service Cost Centre: The cost centre which primarily provides auxiliary services across the enterprise. The cost centre which provides services to Production, Operation or other Service Cost Centre but not directly engaged in manufacturing process or operation is a service cost centre. A service cost centre renders services to other cost centres / other units and in some cases to outside parties. Examples of service cost centres are engineering, work .....

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rd costs are used as scale of reference to compare the actual costs with the standard cost with a view to determine the variances, if any, and analyse the causes of variances and take proper measure to control them. Standard costs are also used for estimation. 4.13 Stand-by service: Any facility created to safeguard against the failure of the main source of service. 5. Principles of Measurement 5.1 Each identifiable service cost centre shall be treated as a distinct cost object for measurement o .....

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de charges payable to the contractor and cost of materials, consumable stores, spares, manpower, equipment usage, utilities, and other resources provided to the contractors for such services. 5.2.4 Cost of services rendered by contractors at their premises shall be determined at invoice or agreed price including duties and taxes, and other expenditure directly attributable thereto net of discounts (other than cash discount), taxes and duties refundable or to be credited. This cost shall also inc .....

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ng overheads. 5.3 Finance costs incurred in connection with the Service Cost Centre shall not form part of the . 5.4 The shall not include imputed costs. 5.5 Where the is accounted at standard cost, the price and usage variances related to the services cost Centre shall be treated as part of cost of services. Usage variances due to abnormal reasons shall be treated as part of abnormal cost. 5.6 Any Subsidy / Grant / Incentive or any such payment received / receivable with respect to any service .....

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rm part of the cost of the service cost centre. 5.9 Penalties, damages paid to statutory authorities or other third parties shall not form part of the cost of the service cost centre. 5.10 Credits/recoveries relating to the service cost centre including charges for services rendered to outside parties, material and quantifiable, shall be reduced from the total cost of that service cost centre. 5.11 Any change in the cost accounting principles applied for the measurement of the shall be made, onl .....

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the most appropriate basis. 6.3 The most appropriate basis of distribution of cost of a service cost centre to the cost centres consuming services is to be derived from logical parameters which could be related to the usage of the service rendered. The parameter shall be equitable, reasonable and consistent. 7. Presentation 7.1 shall be presented as a separate cost head for each type of service in the cost statement, if material. 8. Disclosures 8.1 The cost statements shall disclose the followin .....

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