direct labour definition

direct labour means any procedure which is applied to input materials from which a product is manufactured, from the time the materials have first come to hand of the work force actually manufacturing the product to the time the finished product is put up in retail package, but does not include any procedure of designing, pattern making or dye processing; and

direct labour consists of the cost of direct labour including benefits related thereto as determined in accordance with the methods employed in prior fiscal years. The following represents the minimum financial performance levels that must be met for each of the applicable 12 month fiscal periods as indicated in the period end records: Minimum Annual 12 Month "Contribution Margin Contingent Share Fiscal Period After Directs" Proceeds Earned June 30, 1998 $44,000,000 $ 500,000 June 30, 1999 $48,400,000 $ 500,000 June 30, 2000 $53,240,000 $1,000,000 June 30, 2001 $58,564,000 $1,500,000 June 30, 2002 $64,420,000 $1,500,000 In each fiscal period that the minimum "contribution margin after directs" is met or exceeded, the corresponding contingent share proceeds amount reflected above will be accrued to the credit of the "Stockholders". For the purposes of calculating the "contribution margin after directs" for the fiscal periods ending June 30, 2001 and June 30, 2002, the percentage of sales cost, direct labour and material to the sales value shall not exceed the percentage amounts actually experienced for each cost element for the year ended June 3, 2000. To the extent that the actual percentage experienced for each category cost in 2001 or 2002 exceeds the category percentages experienced in the fiscal year ended June 30, 2000, the actual excess cost so experienced would be ignored for the purposes of the "contribution after directs" calculation for that particular year. The total of the annual contingent share proceeds amounts earned will be paid to the stockholders on or before September 1, 2002. The ability for the company to meet the performance objectives is contingent upon continued investments in technology, processes, and material/supplier development in amounts consistent with prior years. Breed warrants continued commitment to these practices provided historical practices continue to indicate corresponding returns and reflect sound business practice.

direct labour. (“Forced Account”) means the procurement of civil works by a procuring entity using its own internal personnel or staff, equipment and resources;

Examples of direct labour in a sentence

• The cost accounting system should clearly establish an audit trail that supports all cost claims, in particular, the Direct Labour Costs, as described below, should clearly indicate the allocation of an employee’s hours worked on the Project.

• These costs include: Costs of Direct Labour - employees not utilised for the manufacturing of product such as training, downtime and general duties.

• Capitalization of Direct Labour and Overhead Certain direct labour and indirect costs associated with the acquisition, construction, development or betterment of our wireless network are capitalized to property, plant and equipment.

• Capitalization of Direct Labour and Overhead Direct labour and certain overhead costs associated with our Wireless, Cable and Telecom segments associated with the acquisition, construction, development or betterment of our networks, cable transmission and distribution facilities and new cable installations are capitalized to PP&E by applying specified capitalization rates.

• If the repair or modification costs (corresponding to both the Direct Labour Costs and the Direct Material Costs) of any defective Warranted Part exceed [***] of the Seller’s then current sales price for a part to replace for such Warranted Part (the “Maximum Amount”), then such Warranted Part shall be considered as beyond economic repair (“Beyond Economic Repair”).

• The Seller shall credit the Buyer’s Goods and Services Account with an amount equal to the Direct Labour Costs and the Direct Material Costs incurred by the Buyer in performing the repair or modification of the relevant Warranted Part.

• Capitalization of Direct Labour and Overhead During construction of new cable areas or during the rebuilding or upgrading of cable television systems, direct costs plus a portion of applicable overhead costs are capitalized.

• Capitalization of Direct Labour and Overhead As discussed above, direct labour and certain overhead costs are capitalized to PP&E by applying specified capitalization rates.