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Raw materials are typically considered an uncontrollable cost because their prices are set by external factors such as market demand and supply. While a company can negotiate with suppliers or seek alternative sources, they have limited control over the overall price of raw materials.
What else can I help you with?
Why did british want Indians to export raw materials?
The British wanted the Indians to export raw materials to Britain as Indian raw materials were of good quality, low cost and also as the Indian market would accept the goods whose raw materials originated there. Another reason is that the British knew that once trade was successfully established, it would be easier to colonize Indian Princely States.
What are the duties of a raw materials coordinator?
A raw materials coordinator is responsible for overseeing the procurement, inventory management, and delivery of raw materials needed for production. They work closely with suppliers to ensure timely and cost-effective sourcing of materials, monitor inventory levels to prevent shortages, and coordinate with production teams to ensure seamless supply chain operations. Additionally, they may be involved in quality control checks to ensure that raw materials meet specified standards.
Are raw material impacted by crud oil fluctuation?
Yes, raw materials can be impacted by crude oil fluctuations because oil prices can influence the cost of producing and transporting raw materials. For example, materials like plastics and chemicals that are derived from oil may see price changes based on the fluctuations in crude oil prices. Additionally, transportation costs for raw materials can also be affected by changes in oil prices.
What is the ratio of raw materials to product called?
The ratio of raw materials to product is called the material yield ratio. It measures the efficiency of converting raw materials into finished products.
Is raw material Direct Material?
the cost of direct materials which can be easily identified with the unit of production. For example, the cost of glass is a direct materials cost in light bulb manufacturing. Hope this helps!👍
Raw materials for PVC pipe factory and what is the cost of raw materials?
Some of the raw products needed to make PVC pipe include ethylene, chlorine, sodium hydroxide, and hydrogen. The cost of these raw materials fluctuates widely.
What is raw materials cost?
Cost to purchase basic raw material for the manufacturing of product is called the raw material cost like in cost of wood in furniture etc.
What effect does a rise in the cost of machinery or raw materials of raw materials have on the cost of a good?
A rise in the cost of machinery or raw materials typically leads to an increase in the production cost of a good. This increase in production cost is often passed on to consumers, resulting in a higher price for the final product.
What is a variable cost A. office adminidtration B. rent C. building maintenance or D. raw materials?
Raw materials is the only variable cost in the above options.
Is raw materials inventory a variable cost?
Yes, raw materials inventory is typically considered a variable cost because it fluctuates with production levels. As production increases, the need for raw materials also rises, leading to higher costs. Conversely, when production decreases, the costs associated with raw materials decline. This direct correlation with production output categorizes raw materials as variable costs.
Which cost is an example of a variable cost?
Sales and comssion on other categories
Which condition leads to an increase in supply?
an increase in the cost of raw materials
Is raw materials variable cost or fixed cost?
raw material cost variable cost because it change with volume of product i.e. the more you produce the more you have to purchase for raw material. Fixed cost are never change with changing in volume.Raw Material Cost is variable cost
Factors that affect Boeings planning?
Demand, cost of raw materials and competition
Why are manufactured goods more expensive than raw materials?
Because they (the raw materials) have been processed and then manufactured into consumer products. And those two actions require cost and other machines to turn it into a product.
What effect does a rise in the cost of machinery or raw materials have on the cost of a good?
The good becomes more expensive to produce.
What is the antonym for raw materials?
Raw materials
