COGM Definition

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COGM is Cost Of Goods Manufactured. See COST OF GOODS SOLD.

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FIXED CHARGE is those expenses incurred each time a batch of product is produced. Primarily consists of ordering cost for the raw material, engineering costs for machine setup and preparation for the production run, and work order processing cost; also known as SETUP COST.

ECONOMIC PROFITS is the difference between the total revenue and the total opportunity costs.

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