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
Examples of prime cost in a Sentence
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Collect and present clean data, new-unit payback period, prime costs, same-store sales traffic trends etc.
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Gary Occhiogrosso, Forbes.com, 15 Sep. 2025
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Gary Occhiogrosso, Forbes.com, 15 Sep. 2025
Cite this Entry
“Prime cost.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20cost. Accessed 18 Sep. 2025.
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