definiens: . Components shall mean raw materials necessary for [COMPANY] to perform its obligations under this Agreement with respect to the Manufacture and Finishing of LdT Finished Product 1.3 . Fully Allocated Manufacturing Costs shall mean with respect to the Finishing of the LdT Finished Product all direct and indirect costs and overhead allocable to the conduct of such activity in accordance with GAAP or IFRS, including but not limited to project and cost accounting consistently applied . such cost items to include, without limitation, costs of raw materials, supplies, other resources consumed in the conduct of such activity, rent, real estate depreciation, utilities, insurance, equipment lease payments, equipment depreciation and labor, plus general and administrative and similar expenses reasonably allocated to the conduct of such Finishing activities . For avoidance of doubt, it is expressly agreed that the API and costs and amounts detailed in Section 12.1 ( a ) below are specifically excluded from the items and costs which constitute a part of the Fully Allocated Manufacturing Costs