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What is the difference between cost of good sold and cost of good sold statement?
Cost of goods sold is the total cost incurred for goods manufacturing while cost of goods sold statement is the document which shows the calculation of cost of goods sold.
Is paicking is direct cost or indirect cost?
Packing Is not a direct cost for producing goods as it is packing which is used to pack the finished goods and not to use to produce goods.
Beginning inventory plus the cost of goods purchased equals?
Cost of goods sold.
How do you calculate average daily cost of goods sold?
Annual cost of goods sold / 365
What is a merchandiser major cost?
cost of goods
What most accurately explains the intended effect of wage controls on the cost of goods and services?
Wage controls attempt to stop inflation
What best explains why any determination of cost must go beyond counting the money involved?
Calculations of cost and benefit are subjective.
Which of the following best explains why any determination of cost must go beyond counting the money involved?
Calculations of cost and benefit are subjective.
Cost of goods sold in cost accounting?
Cost of goods sold.
What kind of cost is in cost of goods soles?
COGS (Cost of Goods Sold) is a Material Cost.
What is the difference between cost of goods manufactured and cost of goods sold?
How do you calculate cost of goods sold for a manufacture company
Are cost of goods available for sale the same as cost of goods manufactured?
No, because cost of goods manufactured is part of the first. Cost of goods available for sale also includes purchases
What is the economic rule that explains why you stop purchasing goods and services after you have consumed some?
The economic rule states that we will consume only while marginal benefit exceeds marginal cost.
What is the difference between cost of good sold and cost of good sold statement?
Cost of goods sold is the total cost incurred for goods manufacturing while cost of goods sold statement is the document which shows the calculation of cost of goods sold.
Does Cost of goods sold come before cost of goods manufactured?
goods manufactured come first
What does the law of increasing cost explain?
The law of increasing cost explains that as production increases, the opportunity cost of producing additional units of a good also increases. This is because resources are not equally efficient in producing all goods, and as more of one good is produced, resources are shifted from their most efficient use to less efficient uses.
What is the economic rule that explains why you stop purchasing goods and services after you haved consumed some?
The economic rule states that we will consume only while marginal benefit exceeds marginal cost.
