Total production cost is the summation of prime cost and manufacturing overhead.
Prime Cost=++Direct Material CostDirect Labour CostDirect Other CostTotal Production Cost=Prime Cost+Production Overhead Cost
Cost Structure
Manufacturing / production cost
Direct material, direct labour, variable manufacturing overhead, fixed manufacturing overhead.
Non-manufacturing / non-production cost
Variable non-manufacturing overhead, fixed non-manufacturing overhead. Any expense incurred after completion of manufacturing, or not incurred for production.