material costs
Raw input spending
Material costs are the expenses incurred for raw materials, components, or supplies used in producing goods or delivering services.
In manufacturing, material costs typically include everything from metals and plastics to packaging.
Along with labor and overhead, material costs form one of the three primary categories in cost accounting: Rising material costs forced the company to raise prices.
- componentsConstituent parts
- metalsLustrous conductive elements
- sheet metalThin flat industrial panels
- chemicalsManufactured or isolated substances
- raw materialsUnprocessed production inputs
lubricants · import tariffs · recycled materials · packaging materials · plastics · cost estimation · cost breakdown · unit pricing · textiles · renewable resources · storage fees · overhead expenses · handling charges · adhesives · procurement · spare parts · fuel · cleaning agents
- business costsadministrative fees, direct labor, cost of goods sold, raw materials, labor
- business financeaccounting, balance sheet, revenue stream, profit margin, budget
- supply chainsupply, supplier, delivering, suppliers, vendor
- construction costslabor rates, contractor fees, contractor bids, bids, bid
- cost analysiscost analysis, cost assessment, cost basis, cost savings, direct cost
- cost accountingcost analysis, cost center, cost centers, cost control, cost accounting
material costslabor costs
Payment for work performed
overhead costs · personnel costs · wages · salaries · indirect costs
material costslicensing fees
Payments for usage rights
consulting fees · service fees · opportunity costs · training costs