How to Calculate Prime Cost?
Prime Cost calculator uses Prime Cost = Direct Materials Cost+Direct Labour Cost to calculate the Prime Cost, The Prime Cost is the sum of direct materials and direct labor costs incurred in production. Prime Cost is denoted by C_{Prime} symbol.
How to calculate Prime Cost using this online calculator? To use this online calculator for Prime Cost, enter Direct Materials Cost (DMC) & Direct Labour Cost (DLC) and hit the calculate button. Here is how the Prime Cost calculation can be explained with given input values -> 1600 = 1000+600.