Total Material Costs

Written by Jerry Ratzlaff on . Posted in Manufacturing Engineering

Total material costs Formula

\(\large{ TMC = BM + MP - EM  }\)   

Where:

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

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

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

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

 

Tags: Equations for Manufacturing