COST OF GOODS SOLD BUDGET Definition

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COST OF GOODS SOLD BUDGET decomposes, or breaks down, the components of a business's cost of goods sold (in some cases referred to as the cost of revenues). This budget breaks out each separate factor underlying the cost of goods sold for a business. See OPERATING BUDGET.

Learn new Accounting Terms

RISK-FREE RATE is the rate of return available in the market on an investment free of default risk.

IN-KIND is the value of goods or services provided for which money would have otherwise been paid.

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