Accounting for In-process Metailoss

摘要

How many pounds of metal does your customer buy whet) you sell him or her a 100-lb. casting? The most obvious answer would be 100 lbs., as shown on The invoice. But, in reality, the metalcasting process consumes consider-ably more metal. Considering the current cost of scrap, all metalcasters must be aware of the impact of process losses. This is particularly important for high alloy steel facilities. For others with lower metal costs, it may be a lesser factor but still an area to be researched from a cost viewpoint. The customer should pay for all the metal consumed in producing castings. In-process metal loss (IML.) is the metal lost in the metalcasting process that cannot be re-melted for use as part of the charge for a casting in another heat. In applying alloy surcharges, it is particularly important that there be an accurate IML weight attributed to each casting, as world demand for high alloy materials, particularly in The developing nations, is projected to keep metal costs at their elevated levels lor the loreseeable future.