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Definition of Production cost
1. Noun. Combined costs of raw material and labor incurred in producing goods.
Lexicographical Neighbors of Production Cost
Literary usage of Production cost
Below you will find example usage of this term as found in modern and/or classical literature:
1. Transactions of the American Institute of Electrical Engineers by American Institute of Electrical Engineers (1913)
"Sections net output I. production cost I. Production Repairs Cost. II. ...
Percentage of total production cost to total cost of Production and Production ..."
2. The Taylor System in Franklin Management: Application and Results by George De Albert Babcock, Reginald Trautschold (1917)
"However, by the end of 1916, the car cost had dropped to that depicted by the
broken line cost curve, and by April of 1917 the production cost per car was ..."
3. A Dictionary of Political Economy: Biographical, Bibliographical, Historical by Henry Dunning Macleod (1863)
"All taxes laid on the article itself, such as customs and excise, are manifestly
part of the expense of Production. COST OF PRODUCTION, justly say, ..."
4. Principles of Business by Charles William Gerstenberg (1918)
"The price is not determined primarily by the production cost, but by the ...
Price tends to approximate production cost only if production be taken in its ..."
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