Meaning Of The Word Prime cost

Real Dictionary

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
Prime cost Definition

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

More Definitions

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Definitions Of The Day

  • Projection TV ‐ a system made up of lenses, mirrors, and a cathode-ray…
  • Infusionism ‐ the doctrine that the preexisting human soul enters…
  • Storyteller ‐ a person who narrates stories; countable noun:…
  • Arse around ‐ If you say that someone is arsing around or arsing…
  • Perforce ‐ by or through necessity; necessarily; Perforce…
  • Absolute configuration ‐ noun: the spatial arrangement of atoms or groups…
  • Animal cracker ‐ a small cookie shaped like any of various animals…
  • Navar ‐ noun: a system of air navigation in which a ground…
  • The Beaver State ‐ a nickname for the state…
  • Dardanelles ‐ strait joining the Sea of Marmara and the Aegean…