Standard Unit Cost definition
Standard Unit Cost means ALLERGAN’s standard unit cost to manufacture Elestat including direct labor, direct material and overhead and all direct and indirect product costs incident to and necessary for production or manufacturing operations or processes, all according to GAAP applied on a consistent basis.
Standard Unit Cost means the “standard cost” per unit of Product, including variances to standard costs, yield losses, and inventory write-offs. This standard cost shall include the cost of materials, labor, and other direct and identifiable variable costs incurred or accrued by the manufacturing Party in connection with the Manufacture of a Product, manufacturing process improvements, storage, freight, manufacturing scale-up, manufacturing site qualification, quality assurance and quality control (including testing), supply chain management, costs of equipment, plant operations and plant support services necessary to produce a Product, and costs deemed to be Standard Unit Costs pursuant to Section 7.2(d). These costs of plant operations and support services shall include utilities, maintenance, engineering, safety, human resources, finance, plant management and other similar activities, including idle plant capacity reserved specifically for the Product based on anticipated Product volumes in the ensuing [*]. Costs that cannot be identified to a specific activity supporting [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. Manufacturing of a Product, such as charges for overhead or excess capacity not specifically reserved for the Product as described above, shall be excluded from the determination of Manufacturing Costs. Subject to the preceding paragraph, “standard cost” per unit for purposes of ongoing cost accounting purposes shall be calculated in accordance with Astellas’s then-current standard cost methodology that is applied consistently to all pharmaceutical products sold by Astellas. The Parties shall reconcile the standard cost charges, and appropriate credits or payments from one Party to the other shall be made to effect such reconciliation not less than annually against the above Manufacturing Cost definition.
Standard Unit Cost means the inventory cost for HP Product as set forth in HP's accounting system.
Examples of Standard Unit Cost in a sentence
INSPIRE shall be entitled to audit ALLERGAN’s calculation of Standard Unit Cost, as well as shipping and handling expenses pursuant to the provisions of Article 7 hereof.
Notwithstanding any other provision of this Agreement, all product samples supplied by ALLERGAN to INSPIRE shall be delivered to INSPIRE’s Sales Force at ALLERGAN’s Standard Unit Cost plus shipping and handling expenses.
More Definitions of Standard Unit Cost
Standard Unit Cost means the “standard cost” per unit of Product, including variances to standard costs, yield losses, and inventory write-offs. This standard cost shall include the cost of materials, labor, and other direct and identifiable variable costs incurred or accrued by the manufacturing Party in connection with the Manufacture of a Product, manufacturing process improvements, storage, freight, manufacturing scale-up, manufacturing site qualification, quality assurance and quality control (including testing), supply chain management, costs of equipment, plant operations and plant support services necessary to produce a Product, and costs deemed to be Standard Unit Costs pursuant to Section 7.2(d). These costs of plant operations and support services shall include utilities, maintenance, engineering, safety, human resources, finance, plant management and other similar activities, including idle plant capacity reserved specifically for the Product based on anticipated Product volumes in the ensuing [*]. Costs that cannot be identified to a specific activity supporting Manufacturing of a Product, such as charges for overhead or excess capacity not specifically reserved for the Product as described above, shall be excluded from the determination of Manufacturing Costs. Subject to the preceding paragraph, “standard cost” per unit for purposes of ongoing cost accounting purposes shall be calculated in accordance with Astellas’s then-current standard cost methodology that is applied consistently to all pharmaceutical products sold by Astellas. The Parties shall reconcile the standard cost charges, and appropriate credits or payments from one Party to the other shall be made to effect such reconciliation not less than annually against the above Manufacturing Cost definition.