- prime cost
- prime costn.the direct cost of labor and material in producing an article, exclusive of capital, overhead, etc.
English World dictionary. V. Neufeldt. 2014.
English World dictionary. V. Neufeldt. 2014.
prime cost — UK US noun [C] ► ACCOUNTING DIRECT COST(Cf. ↑direct cost) … Financial and business terms
prime cost — n. The true price paid for something; the true cost of an item, including the material and labor used to produce it. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
prime cost — prime′ cost′ n. that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture • Etymology: 1710–20 … From formal English to slang
prime cost — noun count or uncount BUSINESS the money that is needed for the materials and workers involved in making a product ─ compare OVERHEAD … Usage of the words and phrases in modern English
prime cost — noun 1. : the combined total of raw material and direct labor costs incurred in production 2. : the direct or immediate cost of a commodity; specifically : the cost or expenses of producing or obtaining a commodity exclusive of general expenses… … Useful english dictionary
Prime Cost — A business’s expenses for the materials and labor it uses in production. Prime cost is a way of measuring the total cost of the production inputs needed to create a given output. By analyzing its prime costs, a company can determine how… … Investment dictionary
prime cost — UK / US noun [countable/uncountable] Word forms prime cost : singular prime cost plural prime costs business the money that is needed for the materials and workers involved in making a product See: overhead … English dictionary
prime cost — 1. *Direct costs in a manufacturing process. Prime costs usually exclude *overheads. 2. An alternative term for *conversion cost … Auditor's dictionary
prime cost — noun Date: 1698 the combined total of raw material and direct labor costs incurred in production; broadly cost less vendor s or agent s commission for charges … New Collegiate Dictionary
prime cost — that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture. [1710 20] * * * … Universalium