CS Foundation Question

What Are Prime Cost?

  • Jenny
  • 24 Dec
  • 4036 Views
  • 4 Answers
Your Answer

Prime cost refers to a manufactured product's costs, which are calculated to ensure the best profit margin for a company. The prime cost calculates the use of raw materials and direct labor, but does not factor in indirect manufacturing expenses such as the cost for a company logo or gas used to deliver the product.

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