How to Calculate the Prime Cost. For example, the prime costs for creating a table would include raw materials such as the lumber, hardware and paint. For all of the materials, it would cost $200. In this example, it would take three hours to finish the product for sale, and would cost $50 per hour. To find the prime cost of the table, it would then look like this: $200 (Raw Material) + $150 (Direct Labor) = $350 (Prime Cost) Knowing that the prime cost is $350 means that the business cannot sell the table for under $350 unless they wish to incur a loss.
Noleppa and Cartsberg, in their 2013 working paper Agricultural Self-sufficiency of the European Union: Statistical Evidence comment that âThe information base on the EUâs agricultural self-sufficiency is very weakâ.
Olea europeana sylvestris is a subspecies that corresponds to a smaller tree bearing noticeably smaller fruits. The olive's fruit, also called the olive, is of major agricultural importance in the Mediterranean region as the source of olive oil; it is one of the three core ingredients in Mediterranean cuisine.