- prime cost
- noun
1. : the combined total of raw material and direct labor costs incurred in production2. : the direct or immediate cost of a commodity; specifically : the cost or expenses of producing or obtaining a commodity exclusive of general expenses of management involved and of profit on capital
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that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture.[1710-20]* * *
prime costThe price of production, without regard to profit or overhead expenses• • •Main Entry: ↑cost————————prime cost see under ↑cost1• • •Main Entry: ↑prime* * *
the money that is needed for the materials and workers involved in making a productSee also: overhead* * *
prime cost,the cost of the labor and material in production.* * *
n. the direct cost of a commodity in terms of the materials and labor involved in its production, excluding fixed costs* * *
the cost of sth calculated by adding the cost of materials used to make it and the cost of paying sb to make it, but not including costs that are connected with running a business, such as rent and electricitySee also: ↑first cost
Useful english dictionary. 2012.