Meaning Of The Word Prime cost
What's the definition of Prime cost? Find Prime cost meanings, definitions and more at the Real Dictionary online.
Prime cost Meaning
| Prime cost Definition |
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What's The Definition Of Prime cost?
prime cost in Accounting
noun: A prime cost is the part of the cost of a commodity that changes according to the amount of it that is produced, such as materials and labor. prime cost in American English the direct cost of labor and material in producing an article, exclusive of capital, overhead, etc. noun: that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture prime cost in British English noun: the portion of the cost of a commodity that varies directly with the amount of it produced, principally comprising materials and labour |
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