Total Material Costs

Total material costs, abbreviated as TMC, is all the manufacturing raw or direct material costs for a given product or a certain service.

 

Total material costs Formula

\(\large{ TMC = BM + MP - EM  }\)

Symbol

\(\large{ TMC }\) = total material costs

\(\large{ BM }\) = beginning materials

\(\large{ EM }\) = ending materials

\(\large{ MP }\) = materials purchased