indirect costs
Not directly billable
Indirect costs are expenses not directly tied to producing a specific product or service but necessary for overall operations: rent, utilities, administrative salaries, insurance.
In contrast to direct costs like raw materials or labor for a particular project, indirect costs support the broader infrastructure.
Also called overhead.
The grant covers direct research expenses but caps indirect costs at fifteen percent.
Payment for temporary use
- utilitiesEssential infrastructure services
- insuranceContractual risk coverage
- depreciationAsset value reduction over time
- maintenancePreserving working condition
equipment · security · telecommunications · software licenses · office supplies · janitorial · facilities management · property taxes
Gradual debt reduction schedule
- depreciationAsset value reduction over time
- accrualIncremental addition over time
- capitalizationUsing big letters properly
- unattributableCannot be assigned origin
Divided and distributed proportionally
- pro-rataDistributed according to share
- distributedDivided and given out
- absorptionProcess of taking in
- activity-basedOrganized around doing things
prorate · cost center · recovery rate · chargebacks · spread · assigned
Payment for counsel
- licensingGranting official permission
- certificationAttestation of qualification
- permitsGrants formal authorization
- inspectionsSystematic examinations for flaws
filing fees · insurance premiums · bonding · accreditation · safety compliance · tax preparation
rent
Payment for temporary use
- utilitiesEssential infrastructure services
- insuranceContractual risk coverage
- depreciationAsset value reduction over time
maintenance · equipment · security · telecommunications · software licenses · office supplies · janitorial · facilities management · property taxes · HVAC
amortization
Gradual debt reduction schedule
- depreciationAsset value reduction over time
- accrualIncremental addition over time
- capitalizationUsing big letters properly
apportioned
Divided and distributed proportionally
- pro-rataDistributed according to share
- distributedDivided and given out
- absorptionProcess of taking in
activity-based · prorate · cost center · recovery rate · chargebacks · spread · assigned
legal fees
Payment for counsel
- licensingGranting official permission
- certificationAttestation of qualification
- permitsGrants formal authorization
inspections · filing fees · insurance premiums · bonding · accreditation · safety compliance · tax preparation
- Research Costsfunding, grants, budget, expenses, cost analysis
- cost accountingcost analysis, cost center, cost centers, cost control, cost accounting
- business expensespayroll, office rent, salaries, wages, office supplies
- grantsfunding, research grants, government grants, awards, allocations
- health statisticsmortality rate, prevalence, death rate, case fatality rate, life expectancy
- nonprofit accounting501(c)(3), tax-exempt, tax exemption, charitable giving, in-kind donations
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