Stadium Hotel Network offers great rates on over 50 hotels near Oakland Coliseum. All of our hotels have been approved by AAA and the Mobile Travel Guide, the authorities in hotel inspection. All hotels offer a generous savings off of regular hotel rack rates.
Sometimes referred to as cost of inventory on hand, the inventoriable cost will include not only the cost of purchasing the items that are found in the inventory, but also all expenses that are related to using those items in the creation of products that are ultimately offered for sale.
These costs are useful for determining the contribution margin of a product or service, as well as for calculating the absolute minimum price at which a product should be sold. However, since prime costs do not include overhead costs, they are not good for calculating prices that will ensure long-term profitability. Examples of prime costs are: 1  Direct materials. 2  This is the raw materials used to construct a product. 3  This may also include supplies consumed during the production of inidividual units, if such an association can be established.