What Is Machining Costs

Machining cost is also called “work payment”. Refers to the various costs incurred during the machiningof the product other than the cost of raw materials. Including: production worker wages, withdrawal of employee welfare funds, fuel and power costs, workshop expenses, enterprise management fees, etc. Losses of waste, damage to raw materials, or excessive use in the process of machiningalso belong to the nature of machiningcosts. The machining cost is divided into the machiningcost of the finished product and the machiningcost of the finished product or semi-finished product. The former refers to the cost incurred in the entire machiningprocess from the input of raw materials to the completion of product production (excluding raw material costs); the latter refers to the cost incurred in a certain machiningstage (step) of the product in the production process. The cost incurred when the product is processed in a workshop is also called workshop machining cost. For products or services that are entrusted to process or repair on behalf of external entities, the various expenses incurred in the process of machiningor repair are sometimes called cnc machining costs.

Machiningcosts usually refer to other production costs other than direct materials in production costs, such as direct labor and manufacturing costs. Losses incurred during product processing, such as waste loss, and damage to raw materials are also included.

How Much Does Cnc Machining Cost?Machiningcosts sometimes have the following meanings:

• (1) The machiningcost of the finished product. Refers to all expenses incurred during the entire machiningprocess from the start of the production of raw materials to the completion of the production of the product, except for the cost of raw materials.
• (2) Machiningcost of semi-finished products. Refers to the machiningcost incurred in a certain machiningstage to process the semi-finished products of the previous stage into the semi-finished products of this stage.
• (3) Workshop machiningcost. Refers to all costs incurred by a production workshop for the machiningof products in that workshop.
• (4) Foundry cost. Refers to all costs incurred during the machiningor repair of substitute products or repair products that the enterprise processes or repairs on behalf of other units.