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. CHAPTER 13Materials Cost Control Meaning of Materials cost is one of the important elements of cost of product or unit. It constitutes a substantial proportion of the total cost of production. For

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What is materials cost control?

Materials cost control is the process of monitoring and managing the expenses related to materials used in a project to ensure they stay within budget.

Who is required to file materials cost control?

Contractors and subcontractors are typically required to file materials cost control to track and report their material expenses.

How to fill out materials cost control?

Materials cost control forms are typically filled out by detailing the materials purchased, their cost, and any other related expenses incurred during a project.

What is the purpose of materials cost control?

The purpose of materials cost control is to track and manage the expenses related to materials used in a project to ensure they do not exceed the budget.

What information must be reported on materials cost control?

Information such as the type of materials purchased, their cost, quantities used, and any other related expenses must be reported on materials cost control forms.

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