Prime Cost Items & Provisional Sums Schedules: Fill & Download for Free

This is definitely a good idea. It relieves the homeowner the burden of finding the finances for these items at a later date.A Builder can buy these items at ‘Trade’ prices and should pass the discount onto you. He can add this to his P.C’s allowance list (Prime Cost) because it will hardly be noticed by the homeowner as it will be ‘buried’ in the construction costing.

Steak and fish houses are specialized restaurants. They specialize in steak or fish, rarely both.High quality seafood and beef are high food cost items. For one place to put out the very best of both worlds would either put the restaurant under, or force them to cut corners. For that reason they’ll focus on doing one extremely well and if they offer the other, it’ll be average at best.Your dad’s thinking is that people go to steakhouses for steak. If they have a fish dish it probably doesn’t sell well, isn’t all that fresh and won’t be prepared with as much love and attention as the dry aged prime ribeye. The same goes for the fish house. Most fish houses have a steak on the menu and it is probably decent but it won’t be dry aged in house prime beef. Most likely it was delivered frozen in an individual cryo-vac package. It might be good but nowhere as good as the Chilean Sea Bass that was flown in this morning.Honestly, no matter where you dine you should consider the specialties of the house first and foremost. Whatever they make the most of will be made with the freshest ingredients and be their most practiced dishes. It just makes sense to buy whatever they make best.

Prime costs are a firm's expenses directly related to the materials and labour used in production. It refers to a manufactured product's costs, which are calculated to ensure the best profit margin for a company. The prime cost calculates the direct cost of raw materials and labour but does not factor in indirect expenses, such as advertising and administrative costs.A prime cost is the total direct costs, which may be fixed or variable, of manufacturing an item for sale. Businesses use prime costs as a way of measuring the total cost of the production inputs needed to create a given output. By analyzing its prime costs, a company can set prices that yield desired profits. By lowering its prime costs, a company can increase its profit and/or undercut its competitors' prices.Businesses need to calculate the prime cost of each product manufactured to ensure they are generating a profit. Self-employed individuals, such as artisans who create and sell custom-made furniture, often use the prime cost calculation to ensure they are making the hourly wage they desire while also profiting from each product made.Indirect costs, such as utilities, manager salaries, and delivery costs are not included in prime costs. One reason why indirect costs are excluded from the prime cost calculation is that they can be difficult to quantify and allocate.Marginal costing applies only those costs to inventory that were incurred when each individual unit was produced, while absorption costing applies all production costs to all units produced. This results in the following differences between the two methods:Cost application only the variable cost is applied to inventory under marginal costing, while fixed overhead costs are also applied under absorption costing.Profitability the profitability of each individual sale will appear to be higher under marginal costing, while profitability will appear to be lower under absorption costing.Measurement the measurement of profits under marginal costing uses the contribution margin (which excludes applied overhead), while the gross margin (which includes applied overhead) is used under absorption costing.