Standard Cost of Goods Sold definition

Standard Cost of Goods Sold means, with respect to any item, the cost of such item computed using the lower of cost or market, which approximates actual cost on a first-in-first-out basis, and shall include direct material and labor costs and reasonable manufacturing overhead allocations consistent with the schedule in Section 3, Product Pricing, of the Manufacturing Services Agreement, but shall exclude all manufacturing variances and other cost allocations during the measurement period.
Standard Cost of Goods Sold means, to the extent that a Joint Product is sourced from a Party, standard unit cost of manufacture of the Joint Product, consisting of direct material and direct labor costs plus manufacturing overhead attributable to the Joint Product (including all directly incurred manufacturing variances), and the amortization of Special Purpose Equipment agreed upon by the Joint Manufacturing Committee, all calculated in accordance with generally accepted accounting principles, consistently applied. Direct material costs will include the costs Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote omissions. incurred in manufacturing or purchasing materials, including freight-in costs, sales and excise taxes imposed thereon and customs duty and charges levied by government authorities, and all costs of packaging components. Direct labor costs will include the cost of employees engaged in direct manufacturing activities and direct or indirect quality control and quality assurance activities who are directly employed in manufacturing and packaging Joint Product. Overhead attributable to a Joint Product will be calculated and allocated in a manner consistent with the method used to allocate overhead to other products manufactured in the same facility. Overhead attributable to Joint Product will include a reasonable allocation of indirect labor (not previously included in direct labor costs), a reasonable allocation of administrative costs, and a reasonable allocation of facilities costs, all in accordance with generally accepted accounting principles, consistently applied. Overhead will not include corporate administrative overhead or plant start-up costs or costs associated with excess capacity. At the time a Party is designated the Lead Manufacturing Party for a Joint Product, such Lead Manufacturing Party shall prepare a detailed breakdown of the components of Standard Cost of Goods Sold for such Joint Product for review by the Joint Manufacturing Committee. To the extent that a Joint Product is sourced from a Third Party manufacturer, the actual price paid by a Party to the Third Party for the manufacture, supply and packaging of such Joint Product shall be the Standard Cost of Goods Sold. Standard Cost of Goods Sold shall not include royalties paid to Third Parties. If required, Standard Cost of Goods Sold shall be calculated separately for (i) the U.S. Territory and (ii) the ROW Territory; or, if applicab...

Examples of Standard Cost of Goods Sold in a sentence

  • Such report shall provide supporting detail for each of the categories of expenses included within Program Diagnostic Standard Cost of Goods Sold, Program Diagnostic Distribution Expenses and Program Diagnostic Commercialization Expenses.

  • University of Lethbridge Progressive Conservative Association 36.

  • The Standard Cost of Goods Sold for Joint DDCs used for pre-clinical and clinical studies will be included in Development Expenses and shared by the Parties in accordance with Section 4.6.

  • The Standard Cost of Goods Sold for Joint Products used in Commercialization activities will be included in Commercialization Expenses and shared by the Parties in accordance with Section 9.1.

  • Due to the positive evaluation findings, the paper also seeks Cabinet agreement to: bring the $5 million per year PBI tagged contingency into the Ministry of Social Development (MSD) baseline, and as part of this, extend core operational funding to the South Auckland Social Wellbeing Board (SASWB) and Manaaki Tairāwhiti for a further two years to 30 June 2022.

  • If an arbitrator refuses to or cannot sign the award, the signatures of the majority of the arbitrators shall be sufficient, provided that the reasons for the missing signatures are stated.

Related to Standard Cost of Goods Sold

  • Cost of Goods Sold means [***].

  • Cost of Goods means the fully burdened cost to manufacture Compound or Drug Product, as applicable, (the “Supplied Product”) which means: (a) [ * ]; and (b) in the case of [ * ]. Actual unit costs shall consist of [ * ].

  • Standard Cost means any cost computed with the use of preestablished measures.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Manufacturing Cost means ***

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Supply of goods means the transfer of the right to dispose of tangible property as owner.

  • Bondable stranded costs rate order means one or more

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Royalty Rate means the percentage defined in Exhibit B.

  • COGSA means the Carriage of Goods by Sea Act of the United States of America approved on 16th April 1936.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Support Cost Rate means the flat rate at which the Partner will be reimbursed by UN Women for its Support Costs, as set forth in the Partner Project Document and not exceeding a rate of 8% or the rate set forth in the Donor Specific Conditions, if that is lower. The flat rate is calculated on the eligible Direct Costs.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Maximum allowable cost list means a list of drugs for

  • Unallowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;