Cost of Production definition

Cost of Production means the total of the following: (a) raw material costs (b) raw material wastage (c) packaging material costs (d) packaging material wastage (e) costs of quality control testing (f) transport costs (g) warehousing at the request of WHO or the Public Sector Agency (h) direct energy costs in production (i) direct labour costs (j) direct labour-related overheads (k) amortization on capital investment provided by the Company: (l) allocable portion of building used in connection with the production of the Product, over a period of 25 years. (m) machinery or related equipment used in the production of the Product over a period of 5 years. (n) fixed overheads for the manufacturing site (o) allocable general and administrative costs (p) other financial charges as specifically applicable to the sale of the Product (q) interest charges on investment in the production and sale of the Product (r) research and development costs directly attributable to the production of the Product

Cost of Production means specific costs associated with seed bed preparation, seeding, spraying, harvesting, irrigation, and Land Opportunity Cost Factor as determined by AFSC.

Cost of Production shall have the meaning set forth in Section 7.2(a).

Examples of Cost of Production in a sentence

• BOYD notes that although the royalty expense is in Cost of Production, it changes with revenues as it is a function of revenue.

• Cost of Production represents the costs incurred in the association with the mining, wet processing, dry processing, product loadout, maintenance, quality control, property taxes, and other related operating costs, and includes royalty expense (as discussed in Chapter 3, section 3.3).

• If we grow locally in markets like this, we will avoid these regulatory issues.•Out of Season Demand: Markets where there is demand for “out of season” produce.•Excess Demand: Markets where there is demand for high volumes of food; demand that far exceeds the local production capacity.•Relative Low Cost of Production: We will favor locations where the land, labor and support services are inexpensive (cheap land considered unattractive for farming or any other use) relative to the sale price of the produce.

• Costing for Specific Jobs, and Process Costing: Nature of a Specific Job, and Job-order Costing; Process Flow and Process Costing by the use of Cost of Production Report (CPR).

• Calculation of CV: + Direct Materials + Direct Labor + Factory overhead = Cost of Manufacturing + Home Market SG&A* = Cost of Production + U.S. Packing + Profit* = Constructed Value (CV) * SG&A and profit are based on home-market sales of the foreign like product made in the ordinary course of trade.

More Definitions of Cost of Production

Cost of Production means the cost of direct materials, direct labour and any other expenses directly related (and fairly allocated based on actual value added or percentage contribution (whichever is lower)) to the manufacturing cost of the relevant product, along with a reasonable and systematic allocation of fixed and variable production overheads;

Cost of Production means the allocable cost of production for the ML&P BRU Gas using all necessary capital costs and operating and maintenance expenses associated with the BRU Interest.

Cost of Production means all costs actually incurred by Seller performing its obligations under this Agreement during the Production Period, including, without limitation, costs related to the mining, processing and delivering of lignite from the Mine, but shall exclude costs or expenses not authorized pursuant to this Agreement or that have been incurred over the prior disapproval by Buyer thereof. Any costs incurred by an Affiliate of Seller and charged to Seller shall be included only at the cost to such Affiliate without addition for any intercompany profit or service charge. Seller, in determining costs, shall give Buyer the proportionate benefit of volume purchases participated in by Seller and Affiliates of Seller. The Cost of Production shall be determined on an accrual basis in accordance with GAAP, and shall include, but shall not be limited to, the following:

Cost of Production shall include all costs, expenses and charges for manufacturing, operating and administering the pulp mill, incurred or accrued under generally accepted accounting principles and, without limiting the generality thereof, shall include interest on Notes-I and Notes-II and all other indebtedness of Pulp Corporation, proper charges for materials, salaries, wages, overhead, supervision, repairs and maintenance, consulting fees, taxes (including, without limitation thereto, income taxes), workmen's compensation, unemployment compensation, and public utilities but shall not include depreciation.

Cost of Production means direct labor and raw material cost incurred in the production process, cost of indirect inputs and overhead costs, but does not include depreciation costs of machineries;

Cost of Production means the total direct and indirect cost of the pre-production, production, post production and delivery of the Programme including without limitation the cost of all development work and the acquisition of all underlying rights as are required to satisfy the Producer’s obligations under this Programme Purchase Agreement;

Cost of Production means the total of the following: (a) raw material costs (b) raw material wastage