What is another word for prime cost?
Pronunciation: [pɹˈa͡ɪm kˈɒst] (IPA) 
Prime cost refers to the direct costs that are incurred in producing goods, such as raw materials and labor. Many words can be used interchangeably with prime cost. For example, it can also be called direct cost, factory cost, or manufacturing cost. Other synonyms include variable costs, production cost, and bill of materials cost. In contrast to prime cost, there are also indirect costs that are not directly related to production, such as rent or advertising expenses. Therefore, synonyms for indirect cost include overhead, fixed costs, and general and administrative expenses. Regardless of the term used, understanding the difference between direct and indirect costs is crucial in analyzing a company's profitability.
