Manufacturing cost and Production cost

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

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

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