What does production cost mean?
Definitions for production cost
pro·duc·tion cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word production cost.
Princeton's WordNet
production costnoun
combined costs of raw material and labor incurred in producing goods
ChatGPT
production cost
Production cost refers to the total amount incurred by a company to create, develop, manufacture, and maintain a product or service. This includes direct costs such as raw materials and labor, and indirect costs including overhead expenses like utilities, rent, and salaries for non-production staff. The total production cost is crucial for a business in determining its sale price, estimating profits, and evaluating operational efficiency.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of production cost in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of production cost in Pythagorean Numerology is: 3
Examples of production cost in a Sentence
Thirty to 35 per cent of banana production cost is in fungicide applications, because many farmers ca n’t afford the fungicide, they grow bananas of lesser quality, which bring them less income.
We are not afraid of it ... The production cost of oil for SOCAR is $15 per barrel.
Robot Taxi Chairman Hisashi Taniguchi:
It's difficult to make a car from the ground up when you consider production cost and safety, and we have the world's best automakers already doing that here in Japan, our strategy is to keep our costs low by partnering with automakers for the hardware, and to keep those production costs low while we create both the technology and the service.
Translations for production cost
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"production cost." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/production+cost>.
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