https://www.taxtmi.com/article/detailed?id=12635 The Standard prescribes uniform principles for capacity measurement and reporting for cost statements and other purposes, defining installed, practical, actual, normal, licensed, excess and bottleneck capacities. Installed capacity is based on technical specifications, evaluations, production centre capacities, critical equipment constraints and available shifts, with government directions and expert estimates applicable where necessary; reassessment follows physical or regulatory changes. Normal capacity is adjusted from installed capacity for planned maintenance, shifts, holidays and normal time losses. Cost statements must present installed and normal capacity, actual production and utilization percentage, and disclose bases, changes, outsourcing impacts, low utilization reasons and abnormal under utilization costs when material. en-us Fri, 24 May 2024 10:01:23 +0530 Fri, 24 May 2024 10:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12635 The Standard prescribes uniform principles for capacity measurement and reporting for cost statements and other purposes, defining installed, practical, actual, normal, licensed, excess and bottleneck capacities. Installed capacity is based on technical specifications, evaluations, production centre capacities, critical equipment constraints and available shifts, with government directions and expert estimates applicable where necessary; reassessment follows physical or regulatory changes. Normal capacity is adjusted from installed capacity for planned maintenance, shifts, holidays and normal time losses. Cost statements must present installed and normal capacity, actual production and utilization percentage, and disclose bases, changes, outsourcing impacts, low utilization reasons and abnormal under utilization costs when material. Articles Accounting - Auditing Fri, 24 May 2024 10:01:23 +0530 https://www.taxtmi.com/article/detailed?id=12635