Cost value and Production cost

Production cost and cost value are semantically related in cost topic. In some cases you can use "Production cost" instead a noun "Cost value", when it comes to topics like prime cost.

Production cost noun - Combined costs of raw material and labor incurred in producing goods.

Cost value and production cost are semantically related in cost topic. You can use "Cost value" instead a noun phrase "Production cost", if it concerns topics such as prime cost.