Total Product Cost definition

Total Product Cost means, in respect of a Product, the fully-absorbed cost of Manufacture as calculated in a manner consistent with IFRS and the Total Product Costing methodology employed by the Supplier and its Affiliates for other products, including (without limitation) the costs of Materials, direct labour, ordinary course quality assurance costs, equipment maintenance costs, and other costs variable with production, plus an allocation of the Manufacturing Site’s fixed overhead consistent with the Supplier’s Total Product Cost calculated in accordance with the Novartis Control Manual, but excluding any profit made by the Supplier or any of its Affiliates through the application of transfer pricing. For the avoidance of doubt, the Total Product Cost of each Product for 2019 is reflected in Exhibit 1 (Products) as such Product’s Base Price.
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Total Product Cost means the Component Costs plus the Transformation Costs, as specified in a Product Information Document. Design & Manufacturing Services Agreement
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Total Product Cost means Synnex’s costs to acquire all Components for a Product, all Resource Costs related to the manufacture and shipment of a Product and the profit to Synnex applicable to a Product (all as specified in a Product Information Document).
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Examples of Total Product Cost in a sentence

  • Vendor shall work on achieving cost savings in both materials and processes, and such savings shall serve to reduce the Total Product Cost of a Product.

  • If the cost of Sensitive Components changes significantly during the one quarter period, then, upon mutual agreement by Blue Coat and Synnex, the Total Product Cost of the Products can be adjusted during the one quarter period.

  • One-third of Total Product Cost, identified as Initial Client Payment, will be due from Client to CDK upon delivery of Client Purchase Order.

  • At least five (5) business days prior to the beginning of each Blue Coat fiscal quarter, Synnex shall notify Blue Coat of the Total Product Cost (based on using the New Costs amounts) and provide Blue Coat with a breakdown of the costs and profit used to calculate such Total Product Cost.

  • On a quarterly basis the parties will review the Total Product Cost of the Products.

  • If there is a reduction in the cost of a Component that is not initiated by Vendor or Blue Coat, then the Total Product Cost of all Products to which the reduction is applicable shall be decreased by 100% of such cost reduction upon the first sales of Products which are sold to Blue Coat by Vendor at the new price.

  • In addition, Vendor shall use its commercially reasonable efforts to institute any cost reduction proposals reasonably suggested by Blue Coat, and shall reduce the Total Product Cost of Product(s) to Blue Coat by an amount equal to the per unit saving realized therefrom.

  • Synnex shall use commercially reasonable efforts to work on achieving cost savings on both materials and processes, and such savings shall be reflected in a reduction of the Total Product Cost.

  • The parties will agree on the applicable Total Product Cost for each Model on the date such Model goes into commercial production.

  • An increase permitted due to Extraordinary Inflation is the single circumstance in which the portion of Total Product Cost excluding costs of raw materials and packaging may increase for any one year in excess of 3.0%.


More Definitions of Total Product Cost

Total Product Cost means, in respect of a Product, the fully-absorbed cost of Manufacture as calculated in a manner consistent with IFRS and the Total Product Costing methodology employed by the Supplier and its Affiliates for other products, including (without limitation) the costs of Materials, direct labour, ordinary course quality assurance costs, equipment maintenance costs, and other costs variable with production, plus an allocation of the Manufacturing Site’s fixed overhead consistent with the Supplier’s Total Product Cost calculated in accordance with the Novartis Control Manual, but excluding any profit made by the Supplier or any of its Affiliates through the application of transfer pricing. For the avoidance of doubt, the Total Product Cost of each Product for 2019 is reflected in Exhibit 1 ( Products ) as such Product’s Base Price.
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Related to Total Product Cost

  • Total Project Cost means all the funds to complete the effort proposed by the Applicant, including DOE funds (including direct funding of any FFRDC) plus all other funds that will be committed by the Applicant as Cost Sharing.

  • Manufacturing Cost means ***

  • 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.

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.

  • Final Product means a reasonably homogenous cannabis product in its final packaged form created using the same standard operating procedures and the same formulation.