Cost of Sales
From bib. source
This is the direct cost of the sales made […]. It includes raw materials and packaging […]. More generally, it will also include the cost of the labour involved in manufacturing the products.
The cost of sales, or cost of revenue, is the direct cost for the acquisition or production, as well as per-unit preparation for distribution, of the commodities or services successfully sold to consumers for consumption. It is called this way because it is a prerequisite for the revenue generated by those sales. The cost of sales is correlated with stock fluctuations.
cost_of_sales cost_of_revenue commodity service sales sale revenue revenues accounting finance mathematics mathematical_operator mathematical_operators addition addition_operator addition_operators sum equality correlation statistics math profit_and_loss_account profit_and_loss_statement
bibliography
- “The Profit and Loss Account in More Detail.” In Accounting and Finance for Managers, 25–37. The Fast Track MBA Series. Dover, NH: PriceWaterhouseCoopers, 1999.