Material Budget, Material Cost, Materials Handling

Material Budget, Material Cost, Materials Handling :

Material Budget : amount that has been kept aside for the cost incurred on behalf of the materials needed to produce either a single or a group of good or service

Material Cost : That real expense which has been incurred in the procurement of the materials to produce either a single or a group of merchandise. It may or may not include the other overhead expenses, for example, storage, handling, etc., it is often denoted as the percentage of the real expense incurred.

Materials Handling : Treatment given to the material in terms of handling the raw material, transporting the finished goods, disposal of the waste products etc.

Material Budget

Letter Asking A Donation
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