Purchase Price Variance or “PPV” means the difference between the price for a Product Unit specified on an IAC invoice and the actual cost that should have applied for such Product Unit according to the terms of this Agreement and as determined at a later date.
Purchase Price Variance means the difference between the actual price paid to the vendor versus the standard cost of such material, times the quantity received.
Purchase Price Variance means the result of calculating, on a Product Material-by-Product Material basis, (x) the difference between the Standard Costs budgeted to be incurred in connection with purchasing or otherwise obtaining such Product Material (as budgeted in accordance with Section 3.2(a)) and the actual costs incurred in connection with purchasing or otherwise obtaining such Product Material, multiplied by (y) the total quantity of such Product Material purchased or otherwise obtained with respect to each applicable Product, and aggregating the result over all Products manufactured at the applicable Facility during the applicable Financial Year.
Examples of Purchase Price Variance in a sentence
Supplier agrees to pass back one hundred percent (100%) any such Purchase Price Variance to Fortinet once identified immediately.
Based on the results of the PPV calculation, the Parties will execute a credit or debit (positive or negative) memo for the entire Purchase Price Variance amount to be applied against the next payment(s) made by Sonos.
More Definitions of Purchase Price Variance
Purchase Price Variance means the price for Material that is over and above the normal price charged by the Material vendor to Supplier due to highly unusual, unique or extraordinary circumstances brought on solely by Company’s request to procure the delivery of Material to support Product delivery requirements outside any agreed to Flexible Delivery Terms;
Purchase Price Variance means the difference between the actual delivered cost of Products or components and the standard cost contained in CellStar's accounting systems.
Purchase Price Variance means any variance between (i) the Transfer Price established on January 1 (as may be adjusted through Trimester Adjustments), and (ii) the actual costs incurred by CCR to produce the Products during the year. CCR will provide Bottler with an interim report on Purchase Price Variances and material usage variances on a quarterly basis, for informational purposes only, but the reconciliation will occur within 120 days following year end. If the actual [***] incurred by CCR during the year and included in the year-end reconciliation exceed the [***] included in the Transfer Price established on January 1, then CCR will, to the extent permitted by law, provide an explanation for such increase in [***] to Bottler once the year-end reconciliation results are completed.
Purchase Price Variance means the difference between actual price paid per unit for material minus Lucent's Power Systems' local Standard Cost per unit. Purchase Price Variance is identified as 105 account on the Power Systems' product family income statements; and (4) "Operating Variance" shall mean the difference between the Standard Cost of labor and load and the incurred labor and load plus the cost difference (at standard) between the sum of components on the original xxxx of material and the current xxxx of material. Operating Variance is identified as 104 account on Lucent's Power Systems' product family income statements.
Purchase Price Variance will be calculated against 2012 prime costs for the Relevant Period in respect of the Business Property in accordance with the Seller’s normal accounting practices. The Purchase Price Variance will include material price variance, foreign exchange and hedging, purchasing costs, preferred supplier payments and supplier rebates for the Relevant Period in respect of the Business Property.
Purchase Price Variance or “PPV” is [***] of such components.
Purchase Price Variance means the difference between the Actual Cost of Products or Components and the Standard Cost contained in CellStar's accounting systems at the time of receipt in the PBMS Branch Plant. Purchase Price Variance with respect to Products, Components or kits is calculated as, the sum of (a) the difference between the purchase order cost and the Standard Cost contained in CellStar's accounting systems at the time of receipt of the Products, Components or kits and (b) the difference between the invoiced cost and purchase order cost of such Products, Components or kits.