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WHAT IS PRIME OVERHEAD COST?
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37 votes
37 votes
WHAT IS PRIME OVERHEAD COST?

User BlazingFrog
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2 Answers

19 votes
19 votes
The total direct costs of production, including raw materials and labor.

That is a prime cost
User Franklyn
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23 votes
23 votes
  • A prime cost is the total direct costs of production, including raw materials and labor.
  • Indirect costs, such as utilities, manager salaries, and delivery costs, are not included in prime costs.
  • The prime cost equation is equal to the cost of raw materials plus direct labor.
  • Businesses need to calculate the prime cost of each product manufactured to ensure they are generating a profit.
User MistahX
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