prime cost
noun
that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture.
Origin of prime cost
First recorded in 1710–20
Words nearby prime cost
primateship,
primatology,
primavera,
primaveral,
prime,
prime cost,
prime field,
prime focus,
prime ideal,
prime interest rate,
prime meridian
British Dictionary definitions for prime cost
prime cost
noun
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