Net Cost of Goods Sold definition

Net Cost of Goods Sold means net sales and net cost of goods sold, respectively, of SSC and its affiliates from sales of Products, computed in a manner consistent with the previously established sales practices of SSC and its independent representatives.
Sample 1
Net Cost of Goods Sold means the gross material cost, manufacturing costs, manufacturing overhead, transportation, freight, postage and insurance of the LICENSEE for the manufacture and transport of End Products shipped to customers, to the extent that such amounts are not charged to the customers less (a) all trade, quantity, and cash discounts allowed; (b) taxes duties, tariffs, or other governmental charges imposed on such End Products, including but not limited to value added taxes or other governmental charges otherwise measured by the amount paid for the End Products, but specifically excluding taxes based on the net income of the seller. EXAMPLE ONLY: “$8.00 wholesale price” Cannabis cost $ 1.50 Testing cost $ 0.75 Packaging $ 0.90 Ingredients $ 0.40 Mnfg labor $ 0.32 Pkg labor $ 0.18 Transportation $ 0.05 Net Cost of Goods Sold Total $ 4.10 Lexaria x% $x Gross Profit $x5
Sample 1
Net Cost of Goods Sold means the additive value of all ingredients, including manufacturing processing and analytical testing as applicable, required to supply and manufacture each batch of End Products to be produced by the LICENSEE regardless of whether said ingredients, manufacturing and testing is managed by LICENSEE, LICENSOR, or third parties.
Sample 1

Examples of Net Cost of Goods Sold in a sentence

  • First, to establish a baseline, each of these historical data elements are compared to the sales in the same year as shown in the chart below.60,000 50,000 40,000 30,000 20,000 10,000-10,0002004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Sales (Net) Cost of Goods Sold Selling, General & Admin.


More Definitions of Net Cost of Goods Sold

Net Cost of Goods Sold means the gross material cost, manufacturing costs, manufacturing overhead, transportation, freight, postage and insurance of the LICENSEE for the manufacture and transport of LICENSEE branded End Products shipped to customers, to the extent that such amounts are not charged to the customers less (a) all trade, quantity, and cash discounts allowed; (b) taxes duties, tariffs, or other governmental charges imposed on such LICENSEE branded End Products, including but not limited to value added taxes or other governmental charges otherwise measured by the amount paid for the LICENSEE branded End Products, but specifically excluding taxes based on the net income of the seller. EXAMPLE ONLY: “$8.00 wholesale price” Hemp oil cost $1.50 Testing cost $0.75 Packaging $0.90 Ingredients $0.40 Minus: Active botanical ingredients ($0.15) Mnfg labor $0.32 Pkg labor $0.18 Transportation $0.05 Net Cost of Goods Sold Total $3.95 Lexaria 50% $1.98
Sample 1

Related to Net Cost of Goods Sold

  • Cost of Goods Sold means [ * ].

  • Cost of Goods means the fully burdened cost to manufacture Compound or Drug Product, as applicable, (the “Supplied Product”) which means: (a) [ * ]; and (b) in the case of [ * ]. Actual unit costs shall consist of [ * ].

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Manufacturing Cost means [***].

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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.

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Turnover of zero-rated supply of goods means the value of zero-rated supply of goods made during the relevant period without payment of tax under bond or letter of undertaking;

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • 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:

  • 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.

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Net Sales means [***].

  • Gross Profits means the gross profits calculated under section 4;

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • 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.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Supply of goods means the transfer of the right to dispose of tangible property as owner.

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