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Material waste cost
Estimate wasted material and its purchase cost.
Try your numbers
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Your result
How this works
Estimate wasted material and its purchase cost.
Formula
Waste cost = purchased quantity × waste rate × unit cost.
Assumptions and limits
Waste percentage is of purchased input. Excludes disposal and lost labour costs.
Worked example
Replace the example with your own figures, then compare scenarios. Include all relevant costs and use records from matching periods.