diff --git a/addons/mrp/__openerp__.py b/addons/mrp/__openerp__.py
index b405f402d81..efcdb5f73c3 100644
--- a/addons/mrp/__openerp__.py
+++ b/addons/mrp/__openerp__.py
@@ -48,6 +48,7 @@ Dashboard / Reports for MRP will include:
         'res_config_view.xml',
         'views/report_mrporder.xml',
         'views/report_mrpbomstructure.xml',
+        'views/report_mrpbomcost.xml',
     ],
     'demo': ['mrp_demo.xml'],
     'test': [
diff --git a/addons/mrp/mrp_report.xml b/addons/mrp/mrp_report.xml
index 903749cf1a3..5c93b996207 100644
--- a/addons/mrp/mrp_report.xml
+++ b/addons/mrp/mrp_report.xml
@@ -18,6 +18,13 @@
             file="mrp.report_mrporder" 
             report_type="qweb-pdf"
         />
-
+        <report
+            string="BOM Cost"
+            id="action_report_bom_price"
+            model="mrp.bom"
+            name="mrp_bom_cost"
+            file="mrp_bom_cost"
+            report_type="qweb-pdf"
+        />
     </data>
 </openerp>
diff --git a/addons/mrp/report/__init__.py b/addons/mrp/report/__init__.py
index a71fee4bbc2..73a73053af1 100644
--- a/addons/mrp/report/__init__.py
+++ b/addons/mrp/report/__init__.py
@@ -3,3 +3,4 @@
 
 import bom_structure
 import mrp_report
+import bom_cost
\ No newline at end of file
diff --git a/addons/mrp/report/bom_cost.py b/addons/mrp/report/bom_cost.py
new file mode 100644
index 00000000000..d27a05b1bce
--- /dev/null
+++ b/addons/mrp/report/bom_cost.py
@@ -0,0 +1,48 @@
+# -*- coding: utf-8 -*-
+# Part of Odoo. See LICENSE file for full copyright and licensing details.
+
+from openerp import api, models
+
+
+class MrpBomCost(models.AbstractModel):
+    _name = 'report.mrp_bom_cost'
+
+    @api.multi
+    def get_lines(self, boms):
+        product_lines = []
+        for bom in boms:
+            products = bom.product_id
+            if not products:
+                products = bom.product_tmpl_id.product_variant_ids
+            for product in products:
+                attributes = []
+                for value in product.attribute_value_ids:
+                    attributes += [(value.attribute_id.name, value.name)]
+                result, result2 = self.env['mrp.bom']._bom_explode(bom, product, 1)
+                product_line = {'name': product.name, 'lines': [], 'total': 0.0,
+                                'currency': self.env.user.company_id.currency_id,
+                                'product_uom_qty': bom.product_qty,
+                                'product_uom': bom.product_uom,
+                                'attributes': attributes}
+                total = 0.0
+                for bom_line in result:
+                    line_product = self.env['product.product'].browse(bom_line['product_id'])
+                    price_uom = self.env['product.uom']._compute_qty(line_product.uom_id.id, line_product.standard_price, bom_line['product_uom'])
+                    line = {
+                        'product_id': line_product,
+                        'product_uom_qty': bom_line['product_qty'],
+                        'product_uom': self.env['product.uom'].browse(bom_line['product_uom']),
+                        'price_unit': price_uom,
+                        'total_price': price_uom * bom_line['product_qty'],
+                    }
+                    total += line['total_price']
+                    product_line['lines'] += [line]
+                product_line['total'] = total
+                product_lines += [product_line]
+        return product_lines
+
+    @api.multi
+    def render_html(self, data=None):
+        boms = self.env['mrp.bom'].browse(self.ids)
+        res = self.get_lines(boms)
+        return self.env['report'].render('mrp.mrp_bom_cost', {'lines': res})
\ No newline at end of file
diff --git a/addons/mrp/views/report_mrpbomcost.xml b/addons/mrp/views/report_mrpbomcost.xml
new file mode 100644
index 00000000000..3237e55c47a
--- /dev/null
+++ b/addons/mrp/views/report_mrpbomcost.xml
@@ -0,0 +1,55 @@
+<?xml version="1.0" encoding="utf-8"?>
+<odoo>
+    <template id="mrp_bom_cost">
+        <div class="o_form_view">
+            <div class="page o_form_sheet_bg">
+                <div class="o_form_sheet">
+                    <t t-foreach="lines" t-as="line">
+                        <t t-set="currency" t-value="line['currency']"/>
+                        <table class="table table-condensed">
+                            <thead>
+                                <tr>
+                                    <th colspan="6">
+                                        <h1><t t-esc="line['name']"/></h1><br/>
+                                        <b><t t-esc="line['product_uom_qty']"/> <t t-esc="line['product_uom'].name"/></b>
+                                        <table>
+                                            <tbody>
+                                                <tr t-foreach="line['attributes']" t-as="attrib">
+                                                    <td><span t-esc="attrib[0]"/></td>
+                                                    <td><span t-esc="attrib[1]"/></td>
+                                                </tr>
+                                            </tbody>
+                                        </table>
+                                        <h2>Cost Structure</h2>
+                                    </th>
+                                </tr>
+                                <tr>
+                                    <th colspan="2">Raw Materials</th>
+                                    <th class="col-sm-2 text-right">Quantity</th>
+                                    <th class="col-sm-2 text-right">Unit Cost</th>
+                                    <th class="col-sm-2 text-right">Total Cost</th>
+                                </tr>
+                            </thead>
+                            <tbody>
+                                <tr t-foreach="line['lines']" t-as="bom_line">
+                                    <td colspan="2">
+                                        <span t-esc="bom_line['product_id'].name"/>
+                                    </td>
+                                    <td class="text-right">
+                                        <span t-esc="bom_line['product_uom_qty']"/> <span t-esc="bom_line['product_uom'].name" groups="product.group_uom"/>
+                                    </td>
+                                    <td class="text-right"><span t-esc="bom_line['price_unit']" t-esc-options='{"widget": "monetary", "display_currency": "currency"}'/></td>
+                                    <td class="text-right"><span t-esc="bom_line['total_price']" t-esc-options='{"widget": "monetary", "display_currency": "currency"}'/></td>
+                                </tr>
+                                <tr>
+                                    <th colspan="4" class="text-right">Total Cost of Raw Materials</th>
+                                    <th class="text-right"><t t-esc="line['total']" t-esc-options='{"widget": "monetary", "display_currency": "currency"}'/></th>
+                                </tr>
+                            </tbody>
+                        </table>
+                    </t>
+                </div>
+            </div>
+        </div>
+    </template>
+</odoo>