direct cost

(redirected from prime cost)
Also found in: Dictionary, Financial, Wikipedia.

direct cost

[də¦rekt ′kȯst]
(industrial engineering)
The cost in goods and labor to produce a product which would not be spent if the product were not made.
References in periodicals archive ?
Costs of breast cancer screening method in Fars province in 2007 The study population (on the basis of Diagnostic services Fars province statistical calendar in 2005) Breast sonography 265627 (age: 25-34) Mammography 456508 (age: 35+) The prime cost per each patient Diagnostic services IRR $ Breast sonography 31361 3.
This will lead to wheat's prime cost going up and, therefore, increase its added value.
He pointed out that part of the project of Sadarah and SATORP will be offered in the future to citizens, at prime cost.
If you plan to export, a completely different price structure has to be worked out, which could generally be: prime cost or ex-factory cost plus a percentage margin.
12) The ratio is calculated by dividing the prime cost of sales (in this case, raw silk) by the mill's related sales.
According to calculations subjected to the involvement of the above described equipment into small-scale manufacturing, prime cost would fall at least by 22% (Kalpakjian, S.
Manufacturers executed the orders on the principles of prime cost plus basis (materials plus wages and machining costs etc) plus ten per cent.
Renovating the production will help reduce the prime cost of the cars what, in turn, will increase the sales.
Abstract: This paper investigated the variability levels of prime cost sums in building projects in order to establish the reliability of such estimates in bills of quantities.
The calculated prime cost of high-calorific fuel (oil + gas), produced from Belarussian oil shales using gas-generating technologies, is about 350 US $ per tonne at the prime cost of oil shale mining estimated to be 19 US $ per tonne.
Although there is no absolute rule of thumb for comparing these costs to sales, many operations aim for a combined prime cost of between 50 and 70 percent of total sales.