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Cogs and variable costs

What's the difference between cogs & variable costs?

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Top answer
Ian
Coach
on Jun 17, 2021
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

COGS = The cost of acquiring or manufacturing the products that a company sells during a period

Variable Costs = Costs that directly change based on how many units you sell.

COGS ARE Variable Costs. Variable costs are not COGS.