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budgeted cost of goods sold should include which of the following? multiple choice direct materials and direct labor direct materials, direct labor, and manufacturing overhead direct materials, direct labor, manufacturing overhead, and selling expenses direct materials, direct labor, manufacturing overhead, selling expenses, and administrative expenses

Respuesta :

The budgeted cost of goods sold should include raw materials, direct labor, as well as manufacturing overhead.

So, the correct option is B.

In essence, your operational budget includes the cost of goods sold (COGS) budget. The "cost of goods sold" (COGS) is the upfront cost of producing the items that a company sells. These prices cover the cost of labor and raw materials, but they do not cover indirect expenditures like hiring a salesman. The cost of goods sold (COGS) accounts for all expenditures and outlays directly connected to the creation of commodities.

Indirect expenses like overhead and sales and marketing are not included in COGS. To determine gross profit and gross margin, revenues (sales) are subtracted from Margin reduction as a result of higher COGS According to changes in inventory, the price of items that are produced or purchased is modified.

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