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Cogs and variable costs

COGS
New answer on Jun 17, 2021
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Anonymous A asked on Jun 17, 2021

What's the difference between cogs & variable costs?

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Ian
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replied on Jun 17, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

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.

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