Total Manufacturing Cost - What Is It, Formula, Example, Vs COGM
https://www.wallstreetmojo.com/total-manufacturing-cost/
WEBMar 6, 2024 · Total Manufacturing Cost (TMC) refers to the overall money spent on the production activities for processing the raw material into finished goods in a given period (quarter or year). It involves three significant expenses, i.e., direct material cost, direct labor cost, and factory or manufacturing overheads.
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