Product Cost of Goods Sold definition

Product Cost of Goods Sold means the fully loaded manufacturing cost recorded on the accounting records of the selling party under Generally Accepted Accounting Principals (GAAP). If Licensee desires to engineer units based on the License, Licensee shall notify Licensor of its engineering and other needs and the best pricing offered to Licensee for such engineering needs and permit Licensor to make a proposal to meet Licensee's needs. Licensor must reply to Licensee's notice within 5 days of the date of such notice, indicating whether Licensor accepts or declines to make such proposal. If Licensor elects to make such proposal, it will submit its proposal within 15 days. Licensee shall be required to use Licensor to engineer units in the event that Licensor makes a proposal and the proposal is at least as good to Licensee as any competing proposal or otherwise at Licensee's reasonable discretion. In the event that Licensee outsources manufacturing to any unaffiliated person or entity, Licensee agrees that it shall not allow any one vendor to manufacture the Clean Water Appliance or any other product based upon the Invention as a complete unit and will have the Clean Water Appliance or any other product based upon the Invention manufactured in not less than three separate components by not less than three separate vendors and take any and all reasonable measures to prevent one unaffiliated manufacturer from manufacturing the Clean Water Appliance or complete units based on the Invention.
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Product Cost of Goods Sold or "PCOGS" means all costs of goods incurred, directly, or indirectly through third parties, by HP or Indigo in the manufacture, freight, installation, operator training and free warranty of the Jericho Products.
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Product Cost of Goods Sold means product cost of goods sold for the Business Products sold by DERMAdoctor and included in Total Net Sales as recognized in NovaBay’s Condensed and Consolidated Statements of Operations in accordance with GAAP. Product Cost of Goods Sold will exclude product cost of goods sold from NovaBay products (including any CelleRx branded products) and product cost of goods sold which is eliminated in NovaBay’s Condensed and Consolidated Statements of Operations.
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Examples of Product Cost of Goods Sold in a sentence

  • For the purposes of this agreement "gross margin" shall mean the difference between the Product Selling Price and Product Cost of Goods Sold.

  • The "Product Cost of Goods Sold" shall mean the fully loaded manufacturing cost recorded on the accounting records of the selling party under Generally Accepted Accounting Principals (GAAP).

  • It enables the calculation of the Cost of Goods Sold (A01110 - Product Cost of Goods Sold) in monetary terms.


More Definitions of Product Cost of Goods Sold

Product Cost of Goods Sold or “PCOGS” means only the direct costs (i.e., parts, materials and direct labor) incurred to produce or to purchase the Products, as would be determined in accordance with U.S. generally accepted accounting principles, consistently applied.
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Related to Product 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 [ * ].

  • Manufacturing Cost means ***

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

  • Manufacturing Costs means, with respect to a given AquaBounty Product, the full-time equivalent costs (under a reasonable accounting mechanism to be agreed upon by the Parties) and out-of-pocket costs that AquaBounty or any of its Affiliates incurred in manufacturing such products, including costs and expenses incurred in connection with (a) the development or validation of any manufacturing process, formulations or delivery systems, or improvements to the foregoing; (b) manufacturing scale-up; (c) in-process testing, stability testing and release testing; (d) quality assurance/quality control development; (e) internal and Third Party costs and expenses incurred in connection with qualification and validation of Third Party contract manufacturers, including scale up, process and equipment validation, and initial manufacturing licenses, approvals and inspections; (f) packaging development and final packaging and labeling; (g) shipping configurations and shipping studies; and (h) overseeing the conduct of any of the foregoing. “Manufacturing Costs” shall further include: (i) to the extent that any such AquaBounty Product is manufactured by a Third Party manufacturer, the out-of-pocket costs incurred by AquaBounty or any of its Affiliates to the Third Party for the manufacture and supply (including packaging and labeling) thereof, and any reasonable out-of-pocket costs and direct labor costs incurred by AquaBounty or any of its Affiliates in managing or overseeing the Third Party relationship determined in accordance with the books and records of such Party or its Affiliates maintained in accordance with US GAAP; and (ii) to the extent that any such AquaBounty Product is manufactured by AquaBounty or any of its Affiliates, direct material and direct labor costs attributable to such product, as well as reasonably allocable overhead expenses, determined in accordance with the books and records of AquaBounty or its Affiliates maintained in accordance with US GAAP.

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

  • 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 [***].

  • Tobacco product manufacturer means an entity that after the date of enactment of this Act directly (and not exclusively through any affiliate):

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

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

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

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Royalty Rate means the percentage defined in Exhibit B.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Net Sales means [***].

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • 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:

  • 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.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Bondable stranded costs rate order means one or more

  • 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.

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • 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.