What is the proportion of the material cost to total production cost for outdoor decorative garden light?
2020-06-18
The share of raw material prices in the total costs for outdoor decorative garden light depends upon the different materials a producer used in his production. In the manufacturing sector, substance cost accounting is a fundamental requirement for achieving success. To be aggressive and profitable, manufacturers need to understand and manage the material cost. In the current economic conditions, many producers have been searching for ways to improve content efficiency in order to maintain profitability and competitive advantage by providing maximum profit to customers.
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