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Glite Dictionary
production cost

production cost

13 3.1
Money a company spends on materials and work to make goods
  • noun
  • /prəˈdʌkʃən kɔst/
  • Specialized
translation icon : coste de producción
  • The company is trying to reduce production costs to increase its profit margins.
  • production costs and prices
  • low production costs
  • reduce production costs

So we have three things, raw materials, production costs and exchange rate fluctuations.

Examples

  • Given the low production costs, the purchasing power in most Arab countries could sustain many such publications.

    Academic text (1993)

  • We actually looked at production costs in different areas, including Sudan.

  • But only if I cut production costs by half.

    Bagman (2024)

  • - Charge it to production costs as usual.

    Footlight Parade (1933)

  • First, it would cause production costs to rise throughout the territory.

    Academic text (1992)

  • Improving energy efficiency, for example, can reduce both emissions and production costs.

    Academic text (1995)

  • The January 1990 rise in coal, energy, and transport prices was insufficient to cover production costs.

    Academic text (1991)

  • Another constraint for U.S. salmon culture relates to production costs, and in particular, feed costs.

    Academic text (1992)

  • The producers also seek mechanisms to manage oversupply in order to keep prices above their production costs.

    Academic text (1999)

  • Thanks to the rapid development in Germany, the production cost of windmills and solar panels became cheaper.

    Blog text (8)

Synonyms

direct cost
vsproduction cost
  • Specialized
2 3.4

A cost you can put on a single project, like materials or wages

is the full sum of materials and labor needed to make goods

Antonyms

profit
  • Specialized
∞ 2.0

Money left after you pay all costs and taxes

How Costly

production cost
  • Specialized
13 3.1
cost
∞ 1.0

Surface Forms

production cost singular
production costs plural

Morphology

production + cost

The meaning 'the total cost of raw materials and labor required to manufacture goods' is directly derivable from combining 'production' (manufacturing process) with 'cost' (monetary amount). This is a straightforward noun–noun compositional phrase following common cross-linguistic patterns, so a B1 learner who knows both constituents should be able to understand it.

Etymology

Production cost gives a simple picture: imagine a workshop making an item and writing down everything it uses, like materials and the workers' pay. The word production points to making the item and cost means the 'money needed', so together the phrase means the total money needed to make something.