Standard Manufacturing Cost definition
Standard Manufacturing Cost is a budgeted cost per unit established to facilitate inventory evaluation, planning and budgeting, which shall include: [*****].
Standard Manufacturing Cost shall be based on R2's then current costs (without ▇▇▇▇ up) to manufacture the spare parts. R2 shall maintain a supply of warranty replacement parts for the R2 Product and shall provide to GEMS such parts until the one-year anniversary of the date of termination of this Agreement, or until GEMS takes over production of the R2 Product, whichever first occurs. Installation and all other service charges are the responsibility of GEMS.
Standard Manufacturing Cost means the standard manufacturing cost --------------------------- using generally accepted accounting principles for one (1) 10 milliliter ampoule (10.6 milliliter fill), including formulation, filling and bulk packaging activities, but excluding drug substance and shipping charges. On the date hereof, such costs are estimated by ORTHO to be as follows: *****.
Examples of Standard Manufacturing Cost in a sentence
For the avoidance of doubt, no Taxes shall be included in Seller’s Standard Manufacturing Cost for such Railcar.
ORTHO shall provide the Manufacturing ---------------------- services set forth in Section 5.01(a) of this Amendment at Standard Manufacturing Cost.
R2 shall provide to GEMS a mutually agreed ------------ upon stock of service spare parts for the R2 Product, priced at R2's "Standard Manufacturing Cost." "Standard Manufacturing Cost" shall be based on R2's then current costs (without ▇▇▇▇ up) to manufacture the spare parts.
Any Batches manufactured by APP for Regulatory Approval outside of North America shall be bought and paid for by ABI at APP Standard Manufacturing Cost.
The Cost to Abbott for each Product purchased by Abbott from MTI under this Agreement shall be an amount equal to MTI's Standard Manufacturing Cost for the Product sold, not to exceed a maximum percentage of the appropriate aggregate Average Selling Price for the appropriate time period, calculated according to the following schedule: MAXIMUM COST (as a % of Average Selling Price) MTI PRODUCT LINE EFF.
More Definitions of Standard Manufacturing Cost
Standard Manufacturing Cost means with respect to any Product, MTI's fully allocated cost of manufacturing such Product (in accordance with QSR and the Specifications), as determined in accordance with Generally Accepted Accounting Principles ("GAAP"), consistently applied, including all direct and indirect costs related to the manufacture of such Product, including without limitation, costs for labor, materials (including, without limitation, components of such Product), quality control, regulatory compliance, manufacturing administrative expenses, subcontractors, fixed and variable manufacturing overhead costs and business unit, division or company costs reasonably allocable to the manufacture, packaging and labeling of such Product, in each case, respectively.
Standard Manufacturing Cost means the standard manufacturing cost per the BPCS system in Matsudo, Japan and Delkenheim, Germany and per the AMM system in Lake County, Illinois as of December 1, 2004, for application in the applicable 2005 Fiscal Year, as increased or decreased on the first day of each applicable Fiscal Year during the term of the Manufacturing Support Services Agreement by an amount equal to the percentage increase or decrease in Seller’s standard costs of manufacturing the Reagents.
Standard Manufacturing Cost for a Product means *** standard manufacturing cost calculated *** with respect to such Product according to *** and generally accepted accounting principles applied in a consistent manner with respect to all products of Abbott's Chemical and Agricultural Products Division, *** associated ▇▇▇▇ ▇▇▇ production of such Product; provided that in calculating Standard Manufacturing Cost for such Product Abbott shall *** of any *** Cost Improvements *** shall *** of any *** Cost Improvements. If the Parties agree to jointly fund any process improvements, the Parties shall agree as to what effect to give to cost reductions resulting from such improvement in the calculation of Standard Manufacturing Cost.
Standard Manufacturing Cost means direct materials, direct labor and factory overhead computed in accordance with generally accepted accounting principles consistently applied and averaged for each device on the basis of unit Sales over the Contract Year; and/or
Standard Manufacturing Cost for a Product means *** standard manufacturing cost calculated *** with respect to such Product according to *** and generally accepted accounting principles applied in a consistent manner with respect to all products of ▇▇▇▇▇▇'▇ Specialty Products Division as to Bulk Drug Substance and of ▇▇▇▇▇▇'▇ Pharmaceuticals Products Division as to Finished Product, including *** with the production of such Product, and giving effect to all Process Cost Improvements.
Standard Manufacturing Cost shall include the following:
1) Material Cost shall mean the prices paid for raw material components and purchased finished components which are purchased from outside vendors a well as any freight and duty where applicable. Standard Material Cost includes the quantity of the components included in the bill ▇▇ material times the purchase price and the waste factor (i.e., scrap percentage) included in the bill ▇▇ materials. It also includes the normal quality assurance sample quantity which is included in the bill ▇▇ materials. Raw material prices shall be adjusted on an annual basis by the purchasing department.
2) Direct Labor Costs shall mean the standard labor hours required for an operation according to standard operating procedures multiplied by the direct labor rate for work centers within the relevant manufacturing operating unit.
3) Overhead Costs shall mean other costs associated with the one or more operating unit(s) of at least standard production capacity manufacturing a Collaboration Product, where the capacity of such operating units is necessary for such manufacture to meet Seller's obligations to supply Buyer hereunder (otherwise stated as "Dedicated Units"), provided, however, that such Overhead Costs shall exclude costs associated with unused manufacturing capacity, except as provided for in the Idle Capacity Allowance, and any administrative costs other than indirect labor of the manufacturing department specifically attributable to the Collaboration Product in question. Overhead Costs shall include the Idle Capacity Allowance and expenses associated with quality assurance, manufacturing and engineering associated with the operating unit(s) manufacturing a Collaboration Product and shall include depreciation and property taxes associated with the plant(s)
Standard Manufacturing Cost means with respect to any Product, MTI's fully allocated cost of manufacturing such Product (in accordance with QSR and the Specifications), as determined in accordance with Generally Accepted Accounting Principles ("GAAP"), consistently applied, including all direct and