Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / prasanna11149@yahoo.co.in
The direct costs attributable to the production of the
goods sold by a company. This amount includes the cost of
the materials used in creating the good along with the
direct labor costs used to produce the good. It excludes
indirect expenses such as distribution costs and sales
force costs. COGS appears on the income statement and can
be deducted from revenue to calculate a company's gross
margin.
Also referred to as "cost of sales".
Price of buying or making an item that is sold; also called
cost of goods sold. The difference between sales and cost
of sales is gross profit. For a retail business, the cost
of sale is the purchase price of the item. For a
manufactured good, the cost of sale includes Direct
Material, Direct Labor, and Factory Overhead associated
with producing it. An example would be the cost to General
Motors of making a car. An illustrative example of a gross
profit calculation for a retail business follows:
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
HOW TO MAINTAIN BANK A/C
How do the standards assist the users of financial report?
where we have file E-returns in SAP FICO-CIN/Wtax?
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy
how to make a project accounting in tally erp9 ?
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
how standard costing techniques are applied in manufacturing sectors
Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund
Expand-------ATBN
what about case study
How to answer for the question, tell me about ur project? I mean in which format can i say?
What are the things are not Included in Annual Reports?
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
what are the payroll procedures?
