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cost of sales i.e. cost of goods sold include opening stock, purchases, operating expenses and then deduct the closing stock.
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Is sales commission an expense or cost of sales?
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
What is the difference between cost of sales and sales?
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
What is a direct cost of sales?
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
What is the difference between direct cost of sales and total cost of sales?
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
How do you calculate sales revenue knowing margin and cost of goods?
IF cost of goods is available and margin is also provided then sales can be calculated as follows: Sales = Cost of goods / margin of sales
Is cost of sales or turnover the same as net sales?
Cost of sales is the expenses to earn sales so cost of sales and net sales are not same, formula for gross profit is as follows: Gross profit = Sales - Cost of sales
Is sales commission an expense or cost of sales?
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
What is the difference between cost of sales and sales?
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
What is a direct cost of sales?
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
How do you know percentage of food cost against sales?
If you know the food cost against sales, it is 100*(food cost)/sales. If you do not know food cost or sales, you cannot know the answer.
What is the difference between direct cost of sales and total cost of sales?
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
What is the effcect of cost of sales on gross profit?
Cost of sales influances the gross profit to decrease or increase as following formula: Gross profit = Sales - Cost of sales
How do you calculate sales revenue knowing margin and cost of goods?
IF cost of goods is available and margin is also provided then sales can be calculated as follows: Sales = Cost of goods / margin of sales
If sales price is 200 percent of cost how do you work out what the cost is?
Divide Sales Price by 200% (ie 2). So cost is half of sales price.
Break Even Sales - Formula in Cost Accounting?
Breakeven point = Fixed Cost / Contribution margin Contribution margin = (Sales - Variable cost) / Sales
What is considered a facility level cost?
Cost of Organisation's sales forces and sales management !
Is sales commissions a fixed or variable cost?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
