answersLogoWhite

0

Prime Costs: Prime costs are those costs which are prime importance for making any product and include:

Prime Cost = Direct Material + Direct Labor

User Avatar

Wiki User

17y ago

Still curious? Ask our experts.

Chat with our AI personalities

LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
More answers

the direct cost of a commodity in terms of the materials and labor involved in its production, excluding fixed costs.

User Avatar

Wiki User

10y ago
User Avatar

Add your answer:

Earn +20 pts
Q: What are prime cost?
Write your answer...
Submit
Still have questions?
magnify glass
imp