Joint cost definition

Joint cost means any cost which benefits more than one cost objective and which is readily assignable to the cost objec- tives benefited. Examples of joint costs include the salary of a staff person teaching both a vocational skills and employer−linked training program or the salary of an individual who administers and provides training for a program.
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Joint cost means a cost that cannot be traced directly to any particular good or service, but can be linked to the cost of inputs associated with a well-defined set of the goods and services produced by the firm.
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Joint cost means any cost which benefits more than one cost objective, but which is readily assignable to the cost objec- tives benefited. Examples are the salary of a staff person teaching both a vocational skills program and an employer−linked training program, or the salary of an individual who administers and pro- vides training for a program.
Sample 1

Examples of Joint cost in a sentence

  • Joint cost allocation questions were added in 1992, reportedly at the request of NASCO.

  • Joint cost estimating was carefully managed to understand program financial requirements, noted as a critical success by the JPO Director of Budget and Financial Management (M.

  • Joint cost and schedule confidence levels (JCL) are not required to be developed for uncoupled programs.At KDP C, the Agency makes project technical, cost, and schedule commitments to its external stakeholders at the established JCL in accordance with NPR 7120.5 requirements.

  • Joint cost in- curred by the company is allocated on the basis of tons of chemicals produced.

  • Joint cost is allocated to tomato paste and sauce on the basis of approximated net realizable values at split-off.The tomato paste in Department 2 is processed at a total cost of $9,620; the tomato sauce in Department 3 is processed at a total cost of $6,450.

  • Joint cost and schedule confidence level analyses are not required for Class D missions at KDP-C.

  • Joint cost is the cost incurred jointly for all the products and not identifiable with the individual products.

  • Estimated Pipe, Coupling and Ball Joint cost LS 1 $145,840.00 $ 145,840.00 2.

  • Joint cost is allocated on the basis of relative sales value at split-off.

  • Term: Procurement: CB Total After Review: $76,283.36Funding: Federal - 50% - Joint cost admin-50%; State - 50%Total Projected: $131,327.84MOF: Contract Number:4600035562Org/Amt:AmountPaid To DateObjective:New Exp DateAmd.

Related to Joint cost

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Target cost, as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Public improvement costs means the costs of:

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Patent Costs means the reasonable fees and expenses paid to outside legal counsel, and filing, maintenance and other reasonable out-of-pocket expenses paid to Third Parties, incurred in connection with the Prosecution and Maintenance of Patent Rights.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Cost Basis means (i) for cash, the dollar amount deposited, and (ii) for the other Permitted Investments, the amount paid, excluding accrued interest, by the holder to buy the United States Treasury Securities or the Money Market Fund shares. These amounts may also be known as the tax basis, book value, or tax cost basis.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Manufacturing Cost means ***

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.