COGS in the service industry will be the cost of the persons or machines directly applying the service. The accounts affected will most likely be salaries and depreciation. Other items like electricity to run the machines and helpers to the main human service providers will usually be classified as operating expenses (because the are indirect or overhead) which is after COGS is calculated on the income statement to arrive at the net profit. For my service company, my contractors are my COGS while my three employees are classified as just payroll expenses AFTER the gross income. You really have to decipher your direct and indirect costs to achieve a sale to determine which were the COGS that actually provided the service and which are just the operating expenses for the whole good of the company.
what are cogs made out of
there isn't a exact number af cogs because there can be millions of cogs
they eat canned food. I found this out when I watched a video of toons battling the CEO
A service-based company, such as a consulting firm or a law office, typically would not have a Cost of Goods Sold (COGS) figure, as they do not sell physical products. Instead, their expenses are more related to labor, overhead, and operational costs. COGS is primarily relevant for businesses that manufacture or sell tangible goods. Therefore, service-oriented enterprises focus on their operating expenses rather than COGS.
There are 3 big humongouse [cant be bother correcting my spelling} Cogs in the tower and 1000 small cogs.
Thats not possible to clear all cogs in toontown millions of cogs will keep showing on streets. So basically you cant get rid of all the cogs in toontown.
Cogs - video game - was created in 2009.
Cogs - video game - happened in 2009.
There are cogs in toontown because cogs hate laughter and toons love too laugh and the cogs want to turn toontown into a !!BORING!! waste land for more buisness. So toons are trying to stop them!
Yes. COGS is the difference between Sales and Gross Margin. If your gross margin is 40%, then your COGS is 60% (100% - 40%). So, if your Sales are 1,000 and you have a 40% Gross Margin, your COGS = 600 (1,000 x 60%) or (1,000 - 400).
Nope, the same cogs are there, but im hoping for new ones in the future. :)