cost of sales
Also found in: Acronyms.
Also found in: Acronyms.
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The issue with conventional budgets is that cost of sales is presumed to be fully variable, and management generally expects gross profit margins to remain stable.
While the increase of cost of sales over last year reflected the higher throughput from the Casa Berardi open pit operations, our cash cost, after by-product credits, declined 73% to $0.
Any expense that is not a direct cost of sales is a fixed expense--an expense that isn't going to vary, regardless of your sales.
Accordingly, a 50pc increase in natural gas price will increase cost of sales by roughly 5pc to 7pc.
If you have a glazing workshop within the practice you should add the costs of running the operation into the Cost of Sales.
When an auditor marks up the cost of sales taken from an income tax return, the resultant sales figure can easily be overstated.
So license fees contribute to the higher cost of sales, he said.
The higher cost of sales was also due to the increased contribution of gas to net sales.
Likewise, in 1987, Smith's had a cost of sales of $140 million.
Reduce cost of sales by $229 million from $680 million to $451 million
At Tasiast, we are moving ahead with the Phase One expansion, which is expected to nearly double production, while reducing cost of sales significantly, at a manageable capital cost.
If a company adds fake sales to boost its revenues, the cost of sales as a percentage of revenue will increase.
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