Green PolkaDot, Inc. (GPDB): You sarcastically said, in a present-ten...

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Re: Toxic Avenger post# 170

Tuesday, 01/20/2015 11:34:04 PM

Tuesday, January 20, 2015 11:34:04 PM

You sarcastically said, in a present-tense tone, "Go GPDB. You lose on every sale, but you make up for it in volume."

Obviously you were quite wrong.

As for "allocation of overhead" in COGS? Sorry, no.

"...in order for a manufacturer's financial statements to be in compliance with GAAP, a portion of the manufacturing overhead must be allocated to each item produced"
http://www.accountingcoach.com/manufacturing-overhead/explanation/2

I hope that helps. Relying on investopedia.com is great for rank beginners with absolutely no education in accounting, I'll grant you that, but from there it helps to consult more advanced sources.

Let me know if you have any other questions.

The SwingTrade Portfolio was up 36.2% in 2014, 83.5% in 2013, and 510.9% since inception.

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