Fixed Manufacturing Overhead definition
Fixed Manufacturing Overhead means reasonable allocations of those costs incurred to manufacture Product which are relatively independent of the volume of production, including, but not limited to, depreciation, maintenance and repairs, general and administrative expenses, equipment lease expense and property and fire insurance costs, determined in accordance with generally accepted cost accounting standards.
Examples of Fixed Manufacturing Overhead in a sentence
For purposes of this (S)2(c), the following terms shall have the meanings set forth below: "Fixed Manufacturing Overhead and Selling, General and Administrative Costs" ("FMO;SGA") for each period shall mean all costs other than Cost of Sales.