Total Manufacturing Cost Calculator
Total Manufacturing Cost Calculator
Component |
Description |
Direct Materials Cost |
The cost of raw materials used in the production process. |
Direct Labor Cost |
The cost of labor directly involved in the production process. |
Manufacturing Overhead |
Indirect costs associated with production, such as utilities, depreciation, and maintenance. |
Total Manufacturing Cost |
The total cost of producing goods, including direct materials, direct labor, and manufacturing overhead. |
Formula |
Total Manufacturing Cost = Direct Materials Cost + Direct Labor Cost + Manufacturing Overhead |
Purpose |
Used to measure the total cost of production and assess the efficiency of the manufacturing process. |