Hubbell Policies

UL shall mean Underwriter Laboratory.

U.S. GAAP shall mean a required framework of accounting standards that are generally accepted in the United States. The use of U.S. GAAP is required by U.S. publicly traded companies.

Questions regarding definitions should be addressed directly with Business Controllers, Segment Controllers or the Corporate Controller’s Group.

RELATED DOCUMENTS (Policies, Guidelines, Standards)

• Annual Cost Roll Review Package - Schedule A. • Cost Change Supporting Documentation Form - Schedule B.

VERSION

Version

Approval

Effective 2014.08.01 2019.08.30

Changes

1 2

J. Capozzoli, A. Hsieh, S. Mais J. Capozzoli, K. Lane, S. Mais

Original Issue.

Conformed to new template, incorporated the planned volumes, planned inflation and planned productivity for the upcoming year in the standard labor hours, standard labor rates and standard burden (overhead) rates calculation. Added product transfer and costing section. Incorporated planned labor and burden rates for the upcoming year in the cost roll and to utilize September 30 th FX rates.

3

J. Del Nero, A. Flynn, K. Lane

2023.12.14

179