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every company has many costs to running a business from paying bank loans to rent. Costs for a manufacturing company can include:
- Raw Materials
materials such as wood and steel are important to a manufacturing company but these materials are also costly to obtain for the company.
- Labour Costs
any manufacturing company has employees that are hired to help and assist the completion of the specific product or service. these labour costs include paid holiday, overtime and annual wages/salaries.
- Equipment Costs
everyone manufacturing company has equipment that is essentail in the manufacturing process. these can include robots that need to be repaired etc. or equipment within the production line that needs replacing completely e.g. a crane to lift heavy components to specific areas they need to go.
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