APICS Exam CPIM-BSP Topic 1 Question 105 Discussion

Actual exam question for APICS's CPIM-BSP exam

Question #: 105
Topic #: 1

[All CPIM-BSP Questions]

Which of the following factors is included in cost of goods sold?

ARevenue

BGeneral and administrative expenses

COverhead

DStandard cost

Show Suggested Answer

Suggested Answer: A

by Teresita at Jan 12, 2025, 07:09 AM

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Shelba

2 months ago

I bet the person who wrote this question is just trying to trick us. Cost of goods sold is like a secret code that only accountants can crack!

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Trinidad

2 months ago

Ooh, this one's tricky. I'm going to have to go with C - overhead. Can't imagine revenue or admin expenses being in there.

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Abraham

2 months ago

Standard cost? Really? I thought that was just for internal purposes, not part of the actual cost of goods sold.

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Muriel

17 days ago

Yes, standard cost is used for internal purposes to calculate the cost of goods sold.

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Casie

19 days ago

D) Standard cost

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Jacob

30 days ago

C) Overhead

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Willodean

1 months ago

A) Revenue

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Margret

1 months ago

C) Overhead

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Nida

1 months ago

B) General and administrative expenses

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Skye

1 months ago

A) Revenue

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Ula

3 months ago

General and administrative expenses? Nah, that's not it. I'm going with C - overhead, that sounds more like it.

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Janine

2 months ago

Yeah, I'm pretty sure it's overhead as well. It makes more sense than general and administrative expenses.

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Lore

2 months ago

I agree, overhead is definitely included in cost of goods sold.

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Mitsue

2 months ago

Definitely not B - General and administrative expenses.

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Barbra

2 months ago

I'm going with C - Overhead.

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Darell

2 months ago

I think it's D - Standard cost.

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Darci

2 months ago

I think it's C - overhead too. General and administrative expenses don't seem right.

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Chery

3 months ago

Hmm, I'm pretty sure cost of goods sold doesn't include revenue. That would just be plain silly!

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Britt

2 months ago

C) Overhead

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Lewis

2 months ago

A) Revenue

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Arlene

3 months ago

I'm not sure, but I think D) Standard cost could also be included in cost of goods sold as it represents the expected cost of producing a unit of product.

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Johanna

3 months ago

I agree with Reuben, because overhead costs are directly related to the production of goods.

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Reuben

3 months ago

I think the answer is C) Overhead.

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