PRODUCTION COST • DICTIONARY ONE.COM • Definition of Production cost

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/prədˈəkʃən kɑst/ Listen

Production cost

noun

Combined costs of raw material and labor incurred in producing goods.

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Etymology of 'Production cost'

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"Production cost" Quotes from Famous Books

... It is out of the question to permit the deviations resulting from individual initiative. Individual initiative is quite as objectionable in obtaining the best results,—that is, high wages and low production cost,—as service would be on a railroad if each locomotive engineer were his own train despatcher, determining at what time and to what place ...

— The Psychology of Management - The Function of the Mind in Determining, Teaching and - Installing Methods of Least Waste • L. M. Gilbreth

... despatches to the Monitor, being too intangible to allow of bald assertion, and he was reduced to indirect statement. This not satisfying him at all, he wrote a long letter to Mr. Goodnight, both for the sake of the cause and for the sake of his own feelings, which had been much lacerated. Its production cost him a great deal of thought and labor; but he had his reward, as its perusal after completion proved to him that ...

— The Candidate - A Political Romance • Joseph Alexander Altsheler