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Exam CPIM-BSP All Questions

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Exam CPIM-BSP topic 1 question 32 discussion

Actual exam question from APICS's CPIM-BSP
Question #: 32
Topic #: 1
[All CPIM-BSP Questions]

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

  • A. Revenue
  • B. General and administrative expenses
  • C. Overhead
  • D. Standard cost
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Suggested Answer: C 🗳️

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jaadebbie
5 months ago
According to the the glossary: Cost of goods sold (COGS) An accounting classification useful for determining the amount of direct materials, direct labor, and allocated overhead associated with the products sold during a given period of time. See: cost of sales.
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CPIM
1 year, 7 months ago
It should be D. standard cost. Overhead is not included in COGS.
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