https://www.taxtmi.com/acts?id=20015 Production or Operation Overheads are regulated through principles for classification, measurement, assignment, presentation and disclosure in cost statements. The standard requires uniform and consistent determination of overheads, defines key concepts such as fixed, variable, semi-variable and imputed costs, and provides rules for overhead absorption, including actual production for variable overheads and normal capacity for fixed overheads. It also requires disclosure of the basis of assignment, related party resources, subsidies, recoveries, abnormal costs, unabsorbed overheads and material changes in accounting principles. en-us Fri, 11 Sep 2015 17:24:53 +0530 Thu, 23 Apr 2026 16:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20015 Production or Operation Overheads are regulated through principles for classification, measurement, assignment, presentation and disclosure in cost statements. The standard requires uniform and consistent determination of overheads, defines key concepts such as fixed, variable, semi-variable and imputed costs, and provides rules for overhead absorption, including actual production for variable overheads and normal capacity for fixed overheads. It also requires disclosure of the basis of assignment, related party resources, subsidies, recoveries, abnormal costs, unabsorbed overheads and material changes in accounting principles. Act-Rules Companies Law Fri, 11 Sep 2015 17:24:53 +0530 https://www.taxtmi.com/acts?id=20015