Define: Material Costs

Material Costs means expenses for raw materials, intermediates, and packaging used in the manufacturing or repair process.

Material Costs means expenses for raw materials, intermediates, and packaging used in the manufacturing or repair process.

Relevant Circumstances

When a company is purchasing raw materials for production.
When a company is engaging another to manufacture a product.
When a company is contracting maintenance or repair services.
When a product needs packaging for distribution.

Relevant Sectors