Learn what prime cost means, its formula, and calculation methods to optimize profit margins and pricing strategies in manufacturing.

Direct materials are the supplies you use to manufacture your inventory: wood for cabinets, steel for girders or wool for coats. Accountants distinguish direct materials from indirect materials, which ...

Elizabeth Blessing is a financial writer and editor specializing in growth investing, high-yield stocks, small caps, and gold investing. Gordon Scott has been an active investor and technical analyst ...