For manufacturers, the total cost of the materials, operations, and personnel used to make a product is the
A) cost of goods sold
B) selling price
C) markup
D) discount

Question

Quizplus · Accepted Answer

The total cost of materials, operations, and personnel used to make a product is referred to as the cost of goods sold (COGS). This includes all the direct costs associated with production.

For Manufacturers, the Total Cost of the Materials, Operations, and Personnel