VOM

(redirected from Value of Originating Material)
AcronymDefinition
VOMVolt-Ohm-Meter (electronic measuring instrument)
VOMVoice of the Martyrs
VOMVoice of the Member (various organizations)
VOMVolunteer of the Month
VOMVendor of the Month (various organizations)
VOMVeil of Maya (band)
VOMValley of the Moon Scottish Fiddling School (San Francisco, CA)
VOMVereniging voor Oppervlaktetechnieken van Materialen (Dutch: Association for Surface Material Techniques)
VOMVeterinary Orthopedic Manipulation
VOMValue of Originating Material (trade)
VOMVerification of Mortgage
VOMVolt-Ohm-Milliammeter
VOMVoice of Music
VOMVariable Operations and Maintenance
VOMVehicle Order Management
VOMVoice of Management
VOMVehicle Office Mobile
VOMVisitor Operations Manager
VOMVereinigung Osterreichischer Milchverarbeiter (German: Austrian Dairy Association)
VOMVerband Österreichischer Müntenzhändler (Vienna, Austria)
VOMVirtual Operational Missile
References in periodicals archive ?
The build-up method starts with the value of originating materials. (21) The value of inputs from South Korea and the United States is added together, and if their total value exceeds 35% of the adjusted value of the vehicle or the component, the product would qualify for the benefits of the KORUS FTA.
Sample Regional Value Content Calculation Description Dollar Value A Value of Originating Materials (VOM) $6,500 B Value of Non-originating Materials (VNM) $12,000 C Total Unit Product Costs (A+B) $18,500 D Selling, General, and Administrative $7,000 Expenses (SG&A) E Total Unit Cost before Profit (C+D) $25,500 F Profit (10%) $2,550 G Adjusted Value (E+F, equals Customs $28,050 value less international freight) RVC by Build-Down Method (G-B)/G 57.2% H Profits and excluded costs (SG&A) (F+D) $9,550 J Net Cost (NC, adjusted value less profit $18,500 and excluded costs) (G-H) RVC by Net Cost Method (J-B)/J 35.1% Foreign content by ex-works method (B/G) (a) 42.8% Source: CRS calculations based on approximate percentages provided by the American Automobile Policy Council (AAPC).
VOM is the value of originating materials, other than indirect materials, acquired or self-produced and used by the producer in the production of the good.