direct cost of sales

The cost of sales, expressed as direct materials, direct labour, and direct expenses only. The direct cost of sales excludes any overhead

Accounting dictionary. 2014.

Look at other dictionaries:

  • cost of sales — cost of goods sold; = COGS A figure representing the cost to an organization of supplying goods or services for sale, excluding administration and other general overheads. In a sales organization, it is the opening stock at the beginning of an… …   Accounting dictionary

  • direct production cost of sales — See: direct cost of sales …   Accounting dictionary

  • cost of sales — cost of goods sold; COGS A figure representing the cost to an organization of supplying goods or services for sale, excluding administration and other general overheads. In a sales organization, it is the opening stock at the beginning of an… …   Big dictionary of business and management

  • cost of sales — COS The *direct costs of a product sold. Cost of sales includes *raw material costs, and costs directly attributable to production, but it excludes nonproduction *overheads. The *gross income of an item is calculated as its revenue less cost of… …   Auditor's dictionary

  • cost of sales — 1. in retailing : the purchase cost or inventory value of merchandise sold during a stated period plus the cost of direct work thereon (as alterations or workroom charges) 2. in manufacturing : the production cost or inventory value of goods sold …   Useful english dictionary

  • variable cost of sales — Fin the sum of direct materials, direct wages, variable production overhead, and variable selling and distribution overhead …   The ultimate business dictionary

  • direct costs — 1) Product costs that can be directly traced to a product or cost unit They are usually made up of direct materials costs (which can be charged directly to the product by means of materials requisitions), direct labour costs (charged by means of… …   Big dictionary of business and management

  • Direct-to-video — (also known as direct to DVD, direct to iTunes, direct to digital, made for video, straight to video, and straight to DVD) is a term used to describe a film that has been released to the public on home video formats (historically VHS) without… …   Wikipedia

  • Cost of poor quality — (COPQ) or poor quality costs (PQC), are defined as costs that would disappear if systems, processes, and products were perfect. COPQ was popularized by IBM quality expert H. James Harrington in his 1987 book Poor Quality Costs.[1] COPQ is a… …   Wikipedia

  • Direct selling — is the marketing and selling of products directly to consumers away from a fixed retail location. Peddling is the oldest form of direct selling.[1] Modern direct selling includes sales made through the party plan, one on one demonstrations, and… …   Wikipedia

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