The objective of CAS-1 is —

CS Executive · Cost and Management Accounting · PYQS · June 2015
The objective of CAS-1 is —
(A) Collection, allocation, apportionment and absorption of overheads
(B) Determination of capacity
(C) Preparation of cost statement
(D) Determination of average/equalised transportation cost.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost Accounting Standards (CAS)

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