differece

what is the main difference between cost of utility cas 8, cost of overhead cas 3 and cost of direct expence cas10
Replies (1)
Originally posted by : NIKUNJ
what is the main difference between cost of utility cas 8, cost of overhead cas 3 and cost of direct expence cas10

CAS 8: Discuss about the cost of utility, which essentially means the utilities (like power among different other things), used for manufacturing, where such utility is being used captively (using the utility for manufacturing purpose which could have been sold by the concern otherwise)

 

CAS 3: Overhead comprises:  Indirect Material, Indirect Labour and Indirect Expenses. Like salary paid to supervisor, for supervising the project. Here supervisor is not direct labour, hence the salary paid to supervisor shall be accounted as overhead.

 

CAS 10: Direct Expenses: expenses which can be attributed to product OTHER than direct material and direct labour cost ( because these 2 costs are already included in PRIME COST). Like for Manufacturing, there may be use of die, royalty paid for using know how and all, which can be traced to the product and directly linked with cost of manufacturing. Hence these costs are termed as direct expenses.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details