Cost Variances definition
Cost Variances are actual costs of manufacturing versus Standard Cost of Goods Manufactured and include direct materials variances (including material usage variances and purchase price variances), direct labor variances and overhead variances (including but not limited to volume variances, variable overhead spending variances and fixed overhead spending variances); and
Cost Variances are actual costs of manufacturing versus Standard Cost of Goods Manufactured and include [***]; and
Cost Variances means actual costs of Manufacturing versus Standard Cost of Goods Manufactures, including direct materials variances (including material usage variances and purchase price variances), direct labour variances, and indirect expenses and overhead variances (to the extent allocable to forecasted production of materials for use in or sale of such product recorded as an expense by such Party (or its Affiliate, licensee or sublicensee, as applicable)), which allocation is made in a manner consistent with customary practice (including volume variances, variable overhead spending variances and fixed overhead spending variances);
Examples of Cost Variances in a sentence
C.5.4.3.2.2.2 Cost: Variances are for the benefit of the contractor.
More Definitions of Cost Variances
Cost Variances means, with respect to each Project, with regard to particular construction phase or component of construction and start-up of such Project, the amount by which costs in respect of such construction phase or component is expected to exceed amounts allocated thereto in the MF Project Budget or the LTA Project Budget, as the case may be;
Cost Variances means, with regard to any particular construction phase or component of construction and start-up of the Project, the amount by which costs in respect of such construction phase or component is expected to exceed amounts allocated thereto in the Project Budget;
Cost Variances has the meaning set forth in the Financing Documents;