Product Gross Margin definition
Product Gross Margin means Product Net Sales minus direct material costs, direct labor costs, and direct manufacturing overhead.
Product Gross Margin or “PGM” means Net Revenue minus Product Cost of Good Sold derived from the sale of Products that include Covered qPCR Assays. PGM does not include any revenue derived from the sale of Other Products, Other Components or Other Reagents.
Examples of Product Gross Margin in a sentence
Product Gross Margin The decrease in product gross margin was due substantially to a 12.3% decrease in the gross margin of the Laboratory Instrumentation operating segment.