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Q.

Define and example of the prime cost?

Tags: money, education, define
Asked by vikram singh, 28 Jan '13 10:15 pm
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1.

A businesss expenses for the materials and labor it uses in production. Prime cost is a way of measuring the total cost of the production inputs needed to create a given output. By analyzing its prime costs, a company can determine how much it must charge for its finished product in order to make a profit. By lowering its prime costs, a company can increase its profit margin and/or undercut its competitors prices.
Answered by joyesh chakraborty, 28 Jan '13 10:22 pm

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2.

A businesss expenses for the materials and labor it uses in production. Prime cost is a way of measuring the total cost of the production inputs needed to create a given output. By analyzing its prime costs, a company can determine how much it must charge for its finished product in order to make a profit. By lowering its prime costs, a company can increase its profit margin and/or undercut its competitors prices.
Answered by LIPSIKA, 28 Jan '13 10:22 pm

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3.

A businesss expenses for the materials and labor it uses in production. Prime cost is a way of measuring the total cost of the production inputs needed to create a given output. By analyzing its prime costs, a company can determine how much it must charge for its finished product in order to make a profit. By lowering its prime costs, a company can increase its profit margin and/or undercut its competitors prices.
Answered by Quest, 29 Jan '13 01:06 pm

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4.

The cost of the material and labor necessary to make a product
ther for called prime cost e.g when ever u want to see only actual cost of products u just subtract these tow cost direct labour * Direct materila
Answered by jameel ahmed, 28 Jan '13 10:20 pm

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