prime cost
noun
: the combined total of raw material and direct labor costs incurred in production
broadly
: cost less vendor's or agent's commission for charges
Dictionary Entries Near prime cost
Cite this Entry
“Prime cost.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20cost. Accessed 22 Dec. 2024.
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