Dictionary.com
definitions
  • synonyms

prime cost

noun
  1. that part of the cost of a commodity deriving from the labor and materials directly utilized in its manufacture.
Show More

Origin of prime cost

First recorded in 1710–20
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for prime cost

prime cost

noun
  1. the portion of the cost of a commodity that varies directly with the amount of it produced, principally comprising materials and labourAlso called: variable cost Compare overheads
Show More
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012