prime cost


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prime cost

n
(Accounting & Book-keeping) the portion of the cost of a commodity that varies directly with the amount of it produced, principally comprising materials and labour. Also called: variable cost Compare overheads

prime′ cost′


n.
that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture.
[1710–20]
References in classic literature ?
Of course we can't afford to take these structures down under a bonus of five hundred per cent upon the prime cost of our lot and plaster.
With 30% higher fuel efficiency in comparison to diesel generators, the prime cost saving potential is discovered in longer up-time meaning lessen requirements for fuel refill.
Further operation of the plant will require additional supply of 502 million cubic meters of gas, while the prime cost of 1 kWh of such electricity would make 5.
In this regard, the prime cost of mining increases because of need of involvement of additional forces and means in process of development.
This will lead to wheat's prime cost going up and, therefore, increase its added value.
8220;In order to thank all the old and new customers' support, Bridgat and all manufacturers on Bridgat decide to offer a discount up to 48% of the prime cost on any product we publish on Facebook,” continued Andy Zheng.
He pointed out that part of the project of Sadarah and SATORP will be offered in the future to citizens, at prime cost.
The prime cost of goods sold by the holding exceeded 2.
If you plan to export, a completely different price structure has to be worked out, which could generally be: prime cost or ex-factory cost plus a percentage margin.
According to calculations subjected to the involvement of the above described equipment into small-scale manufacturing, prime cost would fall at least by 22% (Kalpakjian, S.
Manufacturers executed the orders on the principles of prime cost plus basis (materials plus wages and machining costs etc) plus ten per cent.