controlling and costing materials

Controlling and costing materials is the practice of managing and reducing business operating cost. Cost controls starts by the businesses classifying what are their costs and calculate whether those costs are reasonable and affordable. Material control is an efficient control over the purchase storing and using of material to decrease the achievable cost.

Controlling and Costing Materials

Controlling and Costing Materials: After studying this chapter you should be able to: Effective materials management is essential in order to (1) provide the best service to customers, (2) produce at maximum efficiency, and (3) manage inventories at predetermined levels to stabilize investments in