definitions

prime cost

noun

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

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Nearby words

primateship, primatology, primavera, primaveral, prime, prime cost, prime field, prime focus, prime ideal, prime interest rate, prime meridian

Origin of prime cost

First recorded in 1710–20
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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 labourAlso called: variable cost Compare overheads
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