A business cost that is determined as the cost of a company's direct labor for product production plus the cost of the direct materials that are required to produce these items.
Related information about prime cost:
- Prime Cost Definition | Investopedia
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 ...
- What is prime cost? definition and meaning
Definition of prime cost: The total of direct material costs, direct labor costs, and direct expenses.
- What are prime costs
Answer: Prime Costs: Prime costs are those costs which are prime importance for making any product and include: Prime Cost = Direct Material + Direct Labor ...
- Variable cost - Wikipedia, the free encyclopedia
Direct labor and overhead are often called conversion cost, while direct material and direct labor are often referred to as prime cost. In marketing, it is necessary ...
- What is prime cost? | PakAccountants.com | Free accountancy ...
Mar 2, 2011 ... i-ask! | Have a question? Ask Tutor! What is Prime Cost? What costs are included in prime costs? // Prime cost is a sum of all the direct costs i.e..
- What is the definition of prime cost?
Direct labor and direct materials combined into one cost.
- Prime Cost Wizard - Online Financial Tracking Tool
Prime Cost Wizard - Online Financial Tracking Tool. ... Restaurant operators that track their prime cost weekly routinely increase their bottom-line 2% - 5% or ...
- what is amazon prime, and what does it cost a month
Asked by nancy4538 30 months ago. Similar Questions: amazon prime cost month. Recent Questions About: amazon prime cost month · Amazon > Amazon. com ...