# Total Material Costs

on . Posted in Project Management Engineering

Total material costs, abbreviated as TMC, is all the manufacturing raw or direct material costs for a given product or a certain service.

## Total material costs Formula

$$\large{ TMC = BM + MP - EM }$$
Symbol
$$\large{ TMC }$$ = total material costs
$$\large{ BM }$$ = beginning materials
$$\large{ EM }$$ = ending materials
$$\large{ MP }$$ = materials purchased