Variable Overhead definition

Variable Overhead and "Factory Fixed" as set forth in Schedule C. Producer agrees that it shall not effect any ---------- change in the purchase price of the Products as a result of a change in the price of corn syrup except upon reasonable prior written notice from the Producer to the Buyer. Producer further agrees that, if Producer believes a change in the Factory Fixed cost component of the purchase price for the Products is warranted, Producer shall notify Buyer in writing of such requested change and identify with reasonable specificity the basis for the price change of the Products not less than thirty, nor more than sixty, days prior to an anniversary of the Commencement Date. Producer further agrees that the Factory Fixed cost component shall not be requested to be changed more than one time a year. Prior to implementing any change in the Factory Fixed cost component, Buyer and Producer shall mutually agree on such change; provided, however, that in the event Buyer and Producer do not mutually agree on such change, the parties nevertheless intend to be bound by this Agreement, and any such change in the Factory Fixed cost component shall be reasonable (as construed in accordance with Section 1302.18(A) of the Ohio Revised Code). Any change in the Factory Fixed cost component shall be effective as of the applicable anniversary of the Commencement Date. In the event of any price change (including a price change as a result of a change in the price. of corn syrup), upon request of Buyer, Producer shall promptly identify with reasonable specificity the basis for the price change of the Products. Upon request of Buyer, Producer shall promptly supply Buyer with copies of documentation supporting such price change and the methodology used by Producer to determine the price change. The parties intend for the price of the Products to be the Producer's cost of manufacturing the Products plus a tolling fee that is included within the line item "Factory Fixed" as set forth in Schedule C. ---------- b. In all cases under this Agreement, Producer shall use its best efforts to obtain the lowest and best prices and/or rates for all raw materials and packaging materials used in the production of the Products.
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Variable Overhead means any item tied to production levels, such as indirect labor, utilities, maintenance, etc. * Portions of this page have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission.
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Variable Overhead means those items of Manufacturing Overhead that are identified as being "variable" in the attached Exhibit F.
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Examples of Variable Overhead in a sentence

  • The “Average SVM” for an Exclusive License Term or any Perpetuity Window shall be equal to (x) the difference of the (i) sum of all Sales Prices less (ii) sums of E-C’s direct material costs, direct labor costs, engineering/drafting costs, Variable Overhead expenses, warranty expenses, commission expenses and freight/duties expenses corresponding to respective Actual Units Commissioned, divided by (y) the number of Actual Units Commissioned, for all Actual Units Commissioned.

  • At the end of each contract year, the Product Cost Formula shall be used to process updates for and reconcile the difference in the Product Cost Formula, for the year then-ended, between certain elements of the Allocated Variable Overhead.

  • Each Party represents, warrants and agrees that (i) such Party’s execution, delivery and performance of this Agreement will not conflict with or violate any applicable law, rule, regulation, order, decree, or ordinance; and (ii) such Party shall comply with the requirements of 41 CFR §§ 60-1.4(a) —250.5(a), and — 741.5(a), if applicable, relating to equal opportunity clauses pertaining to government contracts.

  • Exhibit 4.1 Variable Overhead Calculation SUPPLY AGREEMENT ---------------- This SUPPLY AGREEMENT ("Agreement"), dated as of September 15, 1995, by and among ▇▇▇▇▇▇ HEALTHCARE CORPORATION, a Delaware corporation with its principal offices at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Deerfield, Illinois 60015 (hereinafter called "Baxter") and VWR CORPORATION, a Pennsylvania corporation with its principal office at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (hereinafter called "VWR").

  • Such budget shall include the Standard Cost of Sales, Standard Labor Rates, Variable Overhead, Fixed Overhead, Excess Investment in Equipment Amortization and Excess Infrastructure Enhancement Costs Amortization, and other items of projected revenue and expense that are expected to comprise Distributable Cash for the fiscal period covered by the budget.

  • During the Agreement Term, the unit purchase prices for the Products shall be subject to change (both upward and downward) based upon market fluctuations in the cost of the components that form the line item "Raw Materials", "Packaging Materials", "Direct Labor", "Variable Overhead" and "Factory Fixed" as set forth in Schedule C.

  • During the ---------- Agreement Term, the unit purchase prices for the Products shall be subject to change (both upward and downward) based upon market fluctuations in the cost of the components that form the line item "Raw Materials", "Packaging Materials", "Direct Labor", "Variable Overhead" and "Factory Fixed" as set forth in Schedule C.

  • In addition, annual adjustments for certain elements of the Allocated Variable Overhead, Direct Labor Costs, the Allocated G&A and tax and license fee components of the Allocated Fixed Overhead shall be posted to the cost components of the Bill of Materials costing system for the next succeeding contract ye▇▇.

  • The "Product Cost" per unit shall equal the sum of: (1) the Product Direct Costs; plus (2) the Allocated Variable Overhead for such Product Code as set forth on Schedule "B"; plus (3) the Allocated Inventory Carrying Costs for such Product Code; plus (4) the Allocated Profit for such Product Code as set forth on Schedule "C"; plus.

Related to Variable Overhead

  • Variable Costs means the Train Operator’s costs which vary as a result of a Category 3 Disruption, a Relevant Cancellation or a Relevant Service Variation (as the case may be) arising directly from changes in train mileage including staff, maintenance, fuel or electricity costs, and the Variable Charge.

  • Overhead means those amounts which are intended to recover a proportion of the Supplier’s or the Key Sub-Contractor’s (as the context requires) indirect corporate costs (including financing, marketing, advertising, research and development and insurance costs and any fines or penalties) but excluding allowable indirect costs apportioned to facilities and administration in the provision of Supplier Personnel and accordingly included within limb (a) of the definition of “Costs”;

  • Variable Return means a percentage calculated as follows:

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;

  • Overhead line means any electric supply-line, which is placed above ground and in the open air but excluding live rails of traction system;