direct production cost of sales


Accounting dictionary. 2014.

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  • 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

  • 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-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 accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Cost — This article is about the economic concept. For the scientific organization, see COST. For uses of The Cost , see The Cost (disambiguation). Expenditure redirects here. For personal consumption expenditure, see Consumption (economics). In… …   Wikipedia

  • Cost Of Goods Sold - COGS — 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… …   Investment dictionary

  • Production leveling — Production leveling, also known as production smoothing or – by its Japanese original term – heijunka (平準化?),[1] is a technique for reducing the muda waste and vital to the development of production efficiency in the Toyota Production System and… …   Wikipedia

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