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
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
what is meant by transposition error
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
Short answer on____________Assessment Year
Transfer nett profit of Rs 325000/- to Reserves and Surplus
what do you mean indirect expanse in trading business?
Short Answer on _____________Accident Insurance
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
what is absorbtion coasting?
Who to create a budget on software company
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
what is cost audit?
what is controlership?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
