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Which of the following factors is included in cost of goods sold?
Suggested Answer: C
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22 comments · newest first
TA
Tatum
2 days ago
Agreed, Alex. Overhead is part of production costs.
ME
Merilyn
7 days ago
I think it's C) Overhead. It makes sense.
RY
Ryan
12 days ago
Right, revenue is separate from COGS. Overhead is key!
MI
Mila
17 days ago
I feel confused about A) Revenue. It doesn't belong here.
CA
Caren
23 days ago
Standard cost relates to inventory valuation, not COGS.
BO
Bobbie
28 days ago
But what about D) Standard cost?
GI
Gianna
1 month ago
Agreed, overhead is part of COGS.
EV
Evan
1 month ago
I think it's C) Overhead.
MA
Magda
1 month ago
D) Standard cost sounds right too!
NI
Nicholle
2 months ago
Wait, are you sure about that?
AR
Arminda
2 months ago
Totally agree with C!
MA
Margery
2 months ago
I thought it was just direct costs?
RI
Rima
2 months ago
C) Overhead is definitely included.
SH
Shasta
2 months ago
Not sure about that, seems too simple.
ET
Ethan
2 months ago
Totally agree, overhead is key for COGS!
CE
Cecilia
3 months ago
Wait, is standard cost really a factor?
GE
Gertude
3 months ago
I thought revenue was part of COGS?
RI
Ricarda
3 months ago
C) Overhead is definitely included in COGS.
VE
Veronika
3 months ago
I feel like general and administrative expenses are definitely not included in COGS, but I can't recall if overhead is the right choice.
NO
Nobuko
3 months ago
I’m a bit confused about standard cost. Isn’t that more related to budgeting than COGS?
GL
Gladys
4 months ago
I remember practicing a question like this, and I think overhead is definitely part of COGS.
JO
Joana
5 months ago
I think cost of goods sold includes direct costs, but I'm not sure if overhead is the right answer.