A concept of material removal based on the principle of conservation of particles momentum in a binary suspension is applied to analyze material removal in magnetorheological finishing and magnetorheological jet processes widely used in precision optics fabrication. According to this concept, a load for surface indentation by abrasive particles is provided at their interaction near the wall with heavier basic (magnetic) particles, which fluctuate (due to collision) in the shear flow of concentrated suspension. The model is in good qualitative and quantitative agreement with experimental results.