https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Prime_costPrime cost - Revision history2026-07-29T13:49:08ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Prime_cost&diff=38311&oldid=previmported>Doug Williamson: Create page. Sources: linked pages & Collins English Dictionary https://www.collinsdictionary.com/dictionary/english/prime-cost2019-02-10T18:03:07Z<p>Create page. Sources: linked pages & Collins English Dictionary https://www.collinsdictionary.com/dictionary/english/prime-cost</p>
<p><b>New page</b></p><div>''Cost and management accounting.''<br />
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1.<br />
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Prime cost may be defined to include:<br />
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*Direct labour costs;<br />
*Direct material costs; and<br />
*Direct expenses.<br />
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Under this definition of Prime cost, prime cost together with indirect overhead cost comprise total production cost.<br />
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2.<br />
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The term 'prime cost' may also be defined more broadly, or more narrowly, than this.<br />
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Here as elsewhere, consistency of definition and of calculation are essential to producing meaningful comparable figures.<br />
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== See also ==<br />
* [[Direct costs]]<br />
* [[Direct expense]]<br />
* [[Direct production cost]]<br />
* [[Indirect costs]]<br />
* [[Management accounting]]<br />
* [[Period costs]]<br />
* [[Production cost]]<br />
* [[Production overheads]]<br />
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[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]</div>imported>Doug Williamson