<h1>CAS-15 Standard: Guidelines for Consistent Selling and Distribution Overheads in Cost Statements by ICAI.</h1> The Cost Accounting Standard-15 (CAS-15) issued by the Institute of Cost Accountants of India addresses the principles and methods for determining selling and distribution overheads. It aims to ensure consistency in classifying, measuring, assigning, presenting, and disclosing these overheads in cost statements. The standard outlines definitions for terms like abnormal costs, absorption of overheads, and indirect expenses. It specifies that selling and distribution overheads should be presented separately in cost statements and provides guidelines for their assignment based on cause and effect or benefits received. The effective date for applying this standard is from April 1, 2013.