APICS CPIM-BSP Exam - 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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Stefan

3 months ago

I’m not convinced about that.

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Irene

3 months ago

Overhead is definitely a factor!

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Felix

3 months ago

Wait, is revenue really not included?

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Sarah

4 months ago

I thought standard cost was part of it too?

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Justine

4 months ago

C is included in COGS for sure.

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Lucina

4 months ago

Revenue definitely isn't part of COGS, but I feel like I need to double-check what exactly falls under overhead.

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Bette

4 months ago

I’m a bit confused about general and administrative expenses; I don’t think they belong in COGS, but I can't recall the details.

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Josphine

4 months ago

I remember practicing a similar question where we discussed what makes up COGS, and I feel like standard cost could be relevant here.

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Reuben

5 months ago

I think overhead might be included in the cost of goods sold, but I'm not completely sure.

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Ngoc

5 months ago

Okay, let me see. Cost of goods sold includes direct materials, direct labor, and manufacturing overhead. I think the answer is C, overhead.

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Tamekia

5 months ago

Revenue? No way, that's not part of cost of goods sold. I'm pretty confident the answer is either C or D, but I'll double-check my notes to be sure.

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Oretha

5 months ago

Hmm, I'm a bit unsure about this one. Cost of goods sold is a tricky concept, and I want to make sure I understand it fully before answering.

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Shelia

5 months ago

This seems like a straightforward accounting question. I'll think through the key components of cost of goods sold and eliminate the options that don't fit.

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Shelba

9 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

9 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

9 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

8 months ago

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

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Casie

8 months ago

D) Standard cost

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Jacob

8 months ago

C) Overhead

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Willodean

8 months ago

A) Revenue

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Margret

9 months ago

C) Overhead

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Nida

9 months ago

B) General and administrative expenses

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Skye

9 months ago

A) Revenue

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Ula

10 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

9 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

9 months ago

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

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Mitsue

9 months ago

Definitely not B - General and administrative expenses.

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Barbra

9 months ago

I'm going with C - Overhead.

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Darell

9 months ago

I think it's D - Standard cost.

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Darci

10 months ago

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

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Chery

10 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

9 months ago

C) Overhead

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Lewis

9 months ago

A) Revenue

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Arlene

11 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

11 months ago

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

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Reuben

11 months ago

I think the answer is C) Overhead.

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