Cost of Manufacturing definition

Cost of Manufacturing means costsincurred by the business concern in the production of the end item being acquired, including the costs associated with crop production. These are costs associated with producing the itembeing acquired, including the direct costs of fabrication, assembly, or other production activities, and indirect costs which are allocable and allowable. The cost of materials, as well as the profit or fee from the contract, are excluded.

Cost of Manufacturing means ALZA's standard cost of manufacturing Product, including packaging thereof, determined in accordance with generally accepted accounting procedures and consistent with ALZA's accounting practices on its other products, and including the cost of materials, direct labor and benefits, and allocated overhead, the total expressed as Manufacturing Cost per Unit of Product manufactured.

Cost of Manufacturing means the sum of Direct Manufacturing Cost and Fixed Manufacturing Overhead, including, but not limited to, all costs of materials, labor and reasonable allocations of overhead necessary to perform receiving, manufacturing, assaying, release testing, packaging, labeling, shipping (excluding distribution to customers), quality assurance and other tasks required for compliance with governmental regulations which govern the manufacture of a pharmaceutical product. Cost of Manufacturing shall also include the full cost associated with quality control samples and retention samples and shall not include any fully burdened costs associated with production failures which cause the actual success ratio for the plant to fall below the lowest point of the expected success ratio range allowed for such plant as determined pursuant to the Supply Agreement. In the event that one or more Third Parties manufacture the product (or any part thereof), Cost of Manufacturing shall mean the amount paid under the contract arrangement with such Third Parties.

Examples of Cost of Manufacturing in a sentence

• Calculation of CV: + Direct Materials + Direct Labor + Factory overhead = Cost of Manufacturing + Home Market SG&A* = Cost of Production + U.S. Packing + Profit* = Constructed Value (CV) * SG&A and profit are based on home-market sales of the foreign like product made in the ordinary course of trade.

• The Commission calculated the average Cost of Manufacturing (‘COM’) per kg for each position of the tyre — front, drive, multi-position or trailer for each respective tier (1, 2 or 3) and for each type of tyre (tubeless or tube type, based on the verified production cost data from the Brazilian producer.

• Calculation of CV: + Direct Materials + Direct Labor + Factory overhead = Cost of Manufacturing + Home Market SG&A* = Cost of Production + U.S. Packing + Profit* = Constructed Value (CV) * SG&A and profit are based on home- market sales of the foreign like product made in the ordinary course of trade.

• The Department will collect this cost data for an entire growing season in order to determine the accurate per-unit CV of that growing season.Calculation of CV:+ Direct Materials+ Direct Labor+ Factory overhead= Cost of Manufacturing+ Home Market SG&A*= Cost of Production+ Profit*= Constructed Value (CV)* SG&A and profit are based on home- market sales of the foreign like product made in the ordinary course of trade.

• Commerce will collect this cost data for an entire growing season in order to determine the accurate per-unit CV of that growing season.Calculation of CV:+ Direct Materials+ Direct Labor+ Factory overhead= Cost of Manufacturing+ Home Market SG&A*= Cost of Production+ U.S. Packing+ Profit*= Constructed Value (CV)* SG&A and profit are based on home-market sales of the foreign like product made in the ordinary course of trade.

More Definitions of Cost of Manufacturing

Cost of Manufacturing means the sum of XOMA US' Direct Manufacturing Cost and XOMA US' Fixed Manufacturing Overhead, including, but not limited to, all costs of materials, labor and reasonable allocations of overhead necessary to perform receiving, manufacturing, assaying, release testing, packaging, labeling, shipping (excluding distribution to customers), quality assurance and other tasks required for compliance with governmental regulations which govern the manufacture of a pharmaceutical product. Cost of Manufacturing shall also include the full cost associated with quality control samples and retention samples and shall not include any fully burdened costs associated with production failures which cause the actual success ratio for the plant to fall below the lowest point of the expected success ratio range allowed for such plant as determined by the Project Core Team. In the event that one or more Third Parties manufacture the product (or any part thereof), Cost of Manufacturing shall mean the amount paid under the contract arrangement with such Third Parties.

Cost of Manufacturing means, to the extent that Manufacturing of a Licensed Compound, Licensed Product or any component thereof is performed by a Party itself or by its Affiliate, the actual consolidated, fully burdened cost incurred by such a Party and its Affiliates to Manufacture such a Licensed Compound, Licensed Product or any component thereof, including: (a) direct labor costs (salaries, wages, incentive compensation, share-based compensation and employee benefits); (b) direct materials and packaging costs; (c) operating costs of facilities and equipment, excluding any surplus or idle capacity costs; (d) a charge for depreciation, repairs and maintenance costs of facilities and equipment; (e) quality and in-process control costs; (f) a charge for overhead costs for raw material and manufacturing administration and management, materials management, storage and handling, and manufacturing and employee training; (g) charges for spoilage, scrap, rework costs and expired goods; and (h) inbound and outbound freight, shipping insurance, excise taxes and customs duties; in each of the above cases to the extent reasonably allocable to Manufacture of such Licensed Compound, Licensed Product or component as determined in accordance with GAAP or IFRS, as applicable, consistently applied.

Cost of Manufacturing means the costs of producing the goods

Cost of Manufacturing means the actual cost incurred by ILEX in the manufacture of formulated Compound, including all packaging, transportation and handling charges, excise, use, and sales taxes, or any import/export duties actually paid.

Cost of Manufacturing means the sum of:

Cost of Manufacturing means the cost of materials and direct labor burdened with the standard manufacturing overhead rates in accordance with the standard methodology (“Overhead Allocation”) approved by the Licensee’s auditors and as used in the valuation of Licensee’s general inventory in the plant of manufacture further described as follows. Licensee’s methodology for calculating Overhead Allocation to purchased materials shall be to compare the sum of the pool of budgeted overhead costs associated with the procurement, handling and management of material purchases to the budgeted material costs to produce a rate that is applied to the cost of materials. The departments associated with the cost of Overhead Allocation to materials are purchasing, sourcing, inventory control and quality control. For purposes of reference relative to reasonableness of any future changes to Overhead Allocation to materials, the current Overhead Allocation to materials is 0.078 times cost of material. Licensee’s methodology for calculating Overhead Allocation to direct labor shall be to add the sum of the pool of budgeted overhead costs associated with product manufacturing to the cost of direct labor as follows. The budgeted sum of such overhead costs is divided by the budgeted direct labor hours to produce an overhead rate. This rate is then compared to the direct labor rate of each department and a percentage per department is developed. The departments involved in the Overhead Allocation to direct labor are the machine shop, fabrication, welding, paint, assembly, maintenance, plant facility, safety, environmental, manufacturing engineering, and production office and management. For purposes of reference relative to reasonableness of any future changes to Overhead Allocation to direct labor, the current average Overhead Allocation to direct labor is $36.63 per hour.

Cost of Manufacturing means the cost recognized by the Natac from the manufacturing of the Products, calculated in accordance with International Financial Reporting Standards.