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SELLING AND DISTRIBUTION OVERHEADS

CAS - 15 - Rule - Companies Law - CAS - 15 - CAS - 15 The following is the COST ACCOUNTING STANDARD -15 (CAS-15) issued by the Council of The Institute of Cost 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 This standard deals with the principles and methods of determining the . This standard deals with the principles .....

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e requiring attestation. 4. Definitions The following terms are being used in this standard with the meaning specified. 4.1 Abnormal cost: An unusual or atypical cost whose occurrence is usually irregular and unexpected and/or due to some abnormal situation of the production or operation.1 4.2 Absorption of overheads: Absorption of overheads is charging of overheads to Cost Objects by means of appropriate absorption rate.2 Overhead Absorption Rate = Overheads of the Cost object/Quantum of base. .....

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expenses which are not directly identifiable or allocable to a cost object in an economically feasible manner.5 4.7 Distribution costs or Distribution overheads : Distribution Overheads are the costs incurred in handling a product or service from the time it is ready for delivery until it reaches the ultimate consumer. The cost of packing, repacking, labelling, etc. at an intermediate storage location will be part of distribution cost. For Example: 1. Packing, repacking/labelling at an intermedi .....

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alaries of sales personnel 2. Travelling expenses of sales personnel 3. Commission to sales agents 4. Sales and brand promotion expenses including advertisement, publicity, sponsorships, endorsements and similar other expenses. 5. Receivable Collection costs 6. After sales service costs 7. Warranty costs 4.9 Marketing Overheads : Marketing Overheads comprises Selling Overheads and Distribution Overheads.7 5. Principles of Measurement 5.1 shall be the aggregate of the cost of resources consumed i .....

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e expected to be derived over a long period, shall be amortised on a rational basis. 5.3 shall not include imputed cost. 5.4 Cost of after Sales Service provided in terms of sale agreement for a class of transactions, shall be determined on rational and scientific basis, net of any recovery on the service. 5.5 Any Subsidy/Grant/Incentive or any such payment received/receivable with respect to any shall be reduced from the cost of the sales of the cost object. 5.6 Any abnormal cost relating to se .....

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to arrive at the net . 5.10 Any change in the cost accounting principles applied for the measurement of the shall be made only if it is required by law or for compliance with the requirements of a cost accounting standard or a change would result in a more appropriate preparation or presentation of cost statements of an entity. 6. Assignment of Cost 6.1 directly traceable shall be assigned to the relevant product sold or services rendered. 6.2 Transportation cost relating to distribution shall b .....

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