APP Standard Manufacturing Costs

APP Standard Manufacturing Costs. Direct and indirect costs, including, without limitation the materials, components, raw materials, labor and overhead, attributable to production, manufacturing, processing, quality control, and packaging of the Product. APP Standard Manufacturing Costs will not include costs incurred in connection with Bad Batches of the Product, nor will it include general and administrative expenses. APP Standard Manufacturing Costs will be updated at the end of each calendar year for the purpose of... determining the price for the succeeding year. Except as otherwise contemplated by this definition or as agreed by the Parties, the APP Standard Manufacturing Costs will be determined in accordance with GAAP and standard costing principles as currently practiced by APP. View More