Difference. This is calculated by deducting the ‘Closing Inventory – Calculated’ total from the ‘Closing Inventory – Physical’ total reported on the Packaged Product Movement Summary. The shrinkage allowance takes into account an acceptable volume of Product that may be consumed or written-off in BC due to normal manufacturing and warehousing activities. By allowing this, a manufacturer does not have to fully document each instance of breakage/destruction which may occur. The rate depends on the annual production volume of the manufacturer. The current rate of the LDB shrinkage allowance is 1.75% of ‘Total Calculated Packaged Product Moved in BC’ for the annual production of packaged wine-other products, and 0.50% for packaged cider and refreshment beverage products' annual production. This portion of the Packaged Product Movement Summary calculates the Total Deductions Subject to LDB Xxxx-up. If the amount is positive, you owe the LDB xxxx-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the xxxx-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory. With the submission of your Packaged Product Movement Summary report, you must provide the LDB a listing of all the Warehouses located in British Columbia where you stored any of your Product as at March 31.
Appears in 1 contract
Samples: Direct Sale and Delivery Agreement
Difference. This is calculated by deducting the ‘Closing Inventory – Calculated’ total from the ‘Closing Inventory – Physical’ total reported on the Packaged Product Movement Summary. The shrinkage allowance takes into account an acceptable volume of Product that may be consumed or written-off in BC due to normal manufacturing and warehousing activities. By allowing this, a manufacturer does not have to fully document each instance of breakage/destruction which may occur. The rate depends on the annual production volume of the manufacturer. The current rate of the LDB shrinkage allowance is 1.75% of ‘Total Calculated Packaged Product Moved in BC’ for the annual production of packaged wine-other products, and 0.50% for packaged cider and refreshment beverage products' annual production. This portion of the Packaged Product Movement Summary calculates the Total Deductions Subject to LDB Xxxx-up. If the amount is positive, you owe the LDB xxxx-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the xxxx-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory. INFORMATION ONLY With the submission of your Packaged Product Movement Summary report, you must provide the LDB a listing of all the Warehouses located in British Columbia where you stored any of your Product as at March 31.
Appears in 1 contract
Samples: Direct Sale and Delivery Agreement
Difference. This is calculated by deducting the ‘Closing Inventory – Calculated’ total from the ‘Closing Inventory – Physical’ total reported on the Packaged Product Movement Summary. The shrinkage allowance takes into account an acceptable volume of Product that may be consumed or written-off in BC due to normal manufacturing and warehousing activities. By allowing this, a manufacturer does not have to fully document each instance of breakage/destruction which may occur. The rate depends on the annual production volume of the manufacturer. The current rate of the LDB shrinkage allowance is 1.750.5% of ‘Total Calculated Packaged Product Moved in BC’ BC for the annual production of packaged wine-other products, and 0.50% for packaged cider spirit and refreshment beverage products' annual production. This portion of the Packaged Product Movement Summary calculates the Total Deductions Subject to LDB Xxxx-up. If the amount is positive, you owe the LDB xxxx-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the xxxx-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory. With the submission of your Packaged Product Movement Summary report, you must provide the LDB a listing of all the Warehouses located in British Columbia where you stored any of your Product Products as at March 31.
Appears in 1 contract
Samples: Direct Sale and Delivery Agreement
Difference. This is calculated by deducting the ‘Closing Inventory – - Calculated’ total from the ‘Closing Inventory – - Physical’ total reported on the Packaged Product Movement Summary. The shrinkage allowance takes into account an acceptable volume of Product that may be consumed or written-off in BC due to normal manufacturing and warehousing activities. By allowing this, a manufacturer does not have to fully document each instance of breakage/destruction which may occur. The rate depends on the annual production volume of the manufacturer. The current rate of the LDB shrinkage allowance is 1.750.50% of ‘Total Calculated Packaged Product Moved in BC’ for the annual production of packaged wine-other products, and 0.50% for packaged cider and refreshment beverage products' annual production. This portion of the Packaged Product Movement Summary report calculates the ‘Total Deductions Subject to LDB Xxxx-up’. If the amount is positive, you owe the LDB xxxx-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the xxxx-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory. With the submission of your Packaged Product Movement Summary report, you must provide the LDB a listing of all the Warehouses located in British Columbia where you stored any of your Product as at March 31.
Appears in 1 contract
Samples: Direct Sale and Delivery Agreement
Difference. This is calculated by deducting the ‘Closing Inventory – - Calculated’ total from the ‘Closing Inventory – - Physical’ total reported on the Packaged Product Movement Summary. The shrinkage allowance takes into account an acceptable volume of Product that may be consumed or written-off in BC due to normal manufacturing and warehousing activities. By allowing this, a manufacturer does not have to fully document each instance of breakage/destruction which may occur. The rate depends on the annual production volume of the manufacturer. The current rate of the LDB shrinkage allowance is 1.750.50% of ‘Total Calculated Packaged Product Moved in BC’ for the annual production of packaged wine-other products, and 0.50% for packaged cider and refreshment beverage products' annual production. INFORMATION ONLY This portion of the Packaged Product Movement Summary report calculates the ‘Total Deductions Subject to LDB Xxxx-up’. If the amount is positive, you owe the LDB xxxx-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the xxxx-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory. With the submission of your Packaged Product Movement Summary report, you must provide the LDB a listing of all the Warehouses located in British Columbia where you stored any of your Product as at March 31.
Appears in 1 contract
Samples: Direct Sale and Delivery Agreement