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- Dictionarycog/kɒɡ/
noun
- 1. a wheel or bar with a series of projections on its edge, which transfers motion by engaging with projections on another wheel or bar: "the cogs and springs of a watch"
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A cog is a tooth-like part around the edge of a wheel in a machine that fits between those of a similar wheel, causing both wheels to move. Learn more about the meaning, usage and pronunciation of cog, and see examples and translations in different languages.
- English (US)
COG meaning: 1. one of the tooth-like parts around the edge...
- Znaczenie Cog, Definicja W Cambridge English Dictionary
cog definicja: 1. one of the tooth-like parts around the...
- Cog: Thai Translation
cog translate: ซี่ล้อ. Learn more in the Cambridge...
- Cog: Japanese Translation
cog - definition, audio pronunciation and more for cog: a...
- Cog: Polish Translation
cog translate: ząb, koło zębate . Learn more in the...
- Cog: Malay Translation
cog translate: gigi roda. Learn more in the Cambridge...
- Cog: Indonesian Translation
cog - translate into Indonesian with the English-Indonesian...
- Cog: Catalan Translation
cog translate: dent. Learn more in the Cambridge...
- English (US)
Learn the various meanings and uses of the word cog, from a tooth on a wheel to a subordinate person or part. See examples, synonyms, etymology, and related words of cog.
Cog definition: a gear tooth, formerly especially one of hardwood or metal, fitted into a slot in a gearwheel of less durable material.. See examples of COG used in a sentence.
- What Is Cost of Goods Sold (COGS)?
- Why Is Cost of Goods Sold (COGS) Important?
- What Is Included in The Cost of Goods Sold (COGS)?
- What Is The Cost of Goods Sold (COGS) Formula?
- What Are Different Accounting Methods For Cogs?
- What Type of Companies Are Excluded from A Cogs Deduction?
- Cost of Revenue vs. Cogs
- Operating Expenses vs. Cogs
- What Is The Difference Between Cost of Sales and Cost of Goods Sold?
- What Are The Limitations of Cogs?
Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good. It excludes indirect expenses, such as distribution costs and sales force costs. Cost of goods sold is also referred to as "cost of sales."
COGS is an important metric on financial statements as it is subtracted from a company’s revenues to determine its gross profit. Gross profit is a profitability measure that evaluates how efficient a company is in managing its labor and supplies in the production process. Because COGS is a cost of doing business, it is recorded as a business expens...
Cost of goods sold (COGS) is the cost of acquiring or manufacturing the products or finished goods that a company then sells during a period, so the only costs included in the measure are those that are directly tied to the production of the products, including the cost of labor, materials, and manufacturing overhead. For example, COGS for an autom...
COGS=Beginning Inventory+P−Ending InventorywhereP=Purchases during the period\begin{aligned} &\text{COGS}=\text{Beginning Inventory}+\text{P}-\text{Ending Inventory}\\ &\textbf{where}\\ &\text{P}=\text{Purchases during the period}\\ \end{aligned}COGS=Beginning Inventory+P−Ending InventorywhereP=Purchases during the period Inventory that is sold a...
The value of the cost of goods sold depends on the inventory valuation method adopted by a company. There are three methods that a company can use when recording the level of inventory sold during a period: first in, first out (FIFO), last in, first out (LIFO), and the average cost method. The special identification method is used for high-ticket o...
Many service companies do not have any cost of goods sold at all. COGS is not addressed in any detail in generally accepted accounting principles (GAAP), but COGS is defined as only the cost of inventory items sold during a given period. Not only do service companies have no goods to sell, but purely service companies also do not have inventories. ...
Costs of revenueexist for ongoing contract services that can include raw materials, direct labor, shipping costs, and commissions paid to sales employees. These items cannot be claimed as COGS without a physically produced product to sell, however. The IRS website even lists some examples of "personal service businesses" that do not calculate COGS ...
Both operating expenses and cost of goods sold (COGS) are expenditures that companies incur with running their business; however, the expenses are segregated on the income statement. Unlike COGS, operating expenses (OPEX)are expenditures that are not directly tied to the production of goods or services. Typically, SG&A (selling, general, and admini...
While these terms are often used interchangeably, there's a subtle difference between the two. COGS specifically refers to the direct costs associated with producing goods or acquiring inventory that has been sold during a particular period. By contrast, COS includes not only the direct costs of goods sold but also other costs directly related to g...
COGS can easily be manipulated by accountants or managers looking to cook the books. It can be altered by: 1. Allocating to inventory higher manufacturing overhead costs than those incurred 2. Overstating discounts 3. Overstating returns to suppliers 4. Altering the amount of inventory in stock at the end of an accounting period 5. Overvaluing inve...
- Jason Fernando
- 1 min
Cog can mean a tooth on a gear wheel, a subordinate member of an organization, or a way of cheating at dice. Learn the origin, usage, and synonyms of cog from various dictionaries and sources.
A cog is a tooth-like part around the edge of a wheel in a machine that fits between those of a similar wheel, causing both wheels to move. Learn more about the meaning, usage and pronunciation of cog, and see examples and translations in different languages.
1.(not in technical use) a gear tooth, formerly esp. one of hardwood or metal, fitted into a slot in a gearwheel of less durable material. 2. a cogwheel. 3. a person who plays a minor part in a large organization, activity, etc. He's just a small cog in the financial department. 4.
