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.
Germany is the largest organic market in Europe (8.6 billion euros), followed by France (5.5 billion euros), the UK (2.6 billion euros) and Italy (2.3 billion euros) (2015 data). The first figures available for 2016 show that the market continues to grow (Germany 2016: 9.5 billion euros). Globally, Germany is the second largest market after the U.S. (35.8 billion euros in 2015). The trend of the market growing faster than organic farmland continued in 2015.