The total cost of direct material and direct labour for a product
Did my definition help you understand Prime Cost? If not, please leave a comment below. I read every comment and will reply to clarify your questions just as soon as I can.
If you are interested in finding out more on definitions and glossary terms such as Prime Cost then please sign up for the ‘Word of the Day’ email. Its a great way to learn some new terms which will really help you be an all-round expert at work.
Please leave your comments below. Remember, every comment left gets you another entry into the random prize draw for 100 GBP of Amazon vouchers.
Next winner will be selected on Tuesday, April 30th 2013. Comment now!