What does Total Cost contain?

The Total Cost (curve) is the total of the Cash Cost, Capital Cost and Selling, General & Administrative (SG&A) Cost. SG&A Cost includes all indirect expenses incurred to run a mill, except for capital and cash costs. These indirect expenses include company salaries (employees that work for more than one mill, such as sales and marketing staff or senior executives), local property taxes not paid on the company level but rather on the mill level, and building overhead not directly related to production, such as heating office space in a production facility. Fastmarkets RISI also includes delivery cost and charge of inventory in its SG&A calculation.