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

Word History

First Known Use

1695, in the meaning defined above

Time Traveler
The first known use of prime cost was in 1695

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 26 Feb. 2024.

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