Variance Costs Sample Clauses

Variance Costs. Standard Cost of Goods include cost elements which are set at so-called standard costs. They serve as a norm on how much typically a Product costs. Deviations from such standard costs are captured in variances · Inventory re/devaluation shall mean the gain or loss as a result of the inventory value adjustment due to changes in the standard costs. · Non-Product related Production costs shall contain technical operations corporate headquarter overhead costs, non Product allocated QA costs, validation costs, directly expensed IT Programme costs, and other costs that cannot be attributed to specific Products. · Warehousing & distribution costs are costs related to warehousing and distribution activities for finished goods to be shipped to 3rd parties. · Write-offs are captured for the destruction of Products that cannot be used anymore due to expiration of shelf-life, spoilage in the Production process, and transportation mishaps. · Third Party royalties are manufacturing and/or supply royalties paid to Third Parties The following expenses are not included in Production costs: a) Inventory carrying costs; b) Regulatory affairs costs; c) Pilot plant costs, research batches and other similar costs prior to turnover to manufacturing (excluding commercial goods produced by a research facility); d) Costs incurred by manufacturing for special Programmes to establish and certify new Production processes, batch sizes and Product line improvements, and new vendor certification of equipment and primary materials components; e) Manufacturing start-up costs and initial one-time extraordinary manufacturing costs incurred prior to plant operation and achievement of a normal Production activity level; including the costs of training, testing, qualification/validation of new equipment and facilities and initial, trial batches; f) Significant idle capacity is eliminated from factory overhead and Product cost; g) Finished goods warehousing, shipping and other distribution costs; h) Product liability and/or business interruption insurance expenses; and i) Intercompany profit. 1. Infrastructure: laboratories and office space, including the costs of buildings, rental, fixtures and utilities) at the PTC’s facilities in New Jersey, USA (the “PTC Facilities”) and provision of the services of the PTC FTEs to the extent set out in the Application. 2. Access to existing equipment and laboratory benches within the PTC Facilities.

Variance Costs. Standard Cost of Goods include cost elements which are set at so-called standard costs. They serve as a norm on how much typically a product costs. Deviations from such standard costs are captured in variances. • Inventory re/devaluation shall mean the gain or loss as a result of the inventory value adjustment due to changes in the standard costs. • Non-product related production costs shall contain Technical Operations Corporate Headquarter overhead costs, non product allocated QA costs, validation costs, directly expensed IT project costs, and other costs that cannot be attributed to specific products.