indirect cost


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indirect cost

[‚in·də′rekt kȯst]
(industrial engineering)
A cost that is not readily indentifiable with or chargeable to a specific product or service.

indirect cost

On a building project, those costs that are attributed to overhead, as opposed to any specific task or component; for example, the cost of supervisory personnel in the site office.
References in periodicals archive ?
Every three to four years, each research university faces a comprehensive assessment led by either the Department of Defense's Office of Naval Research or the Department of Health and Human Services to evaluate and negotiate the indirect cost rate to be allowed on federal grants.
to determine if annual indirect cost rate submissions by NYSDOT consultants or
So, while fiscal stress may motivate searches for cost reduction strategies, some amount of slack resources may necessarily mediate a more extensive indirect cost measurement for services.
In its 2013 ruling, the Tax Court determined that purchased tax stamps were capitalizable indirect costs.
For some diseases which result in premature death, the indirect cost is the loss in potential wages and benefits.
Indirect costs include facility costs, rent, employee benefits, etc.
Direct cost estimates are unchanged from those in the previous report for AORC, but the revised indirect cost estimates are now less than the direct costs, which is the opposite of what was found in the original analysis (4).
A basic cost allocation system standard might include: an appropriate separation of the direct and indirect costs associated with the product or service in question and a provision that the direct costs be properly attributed to the product that creates them; the creation of indirect cost pools that do not mix indirect costs that have fundamentally different cost behaviour patterns, and that the cost allocation basis from such an indirect cost pool to a product or service reflect that product or service's use of the resources whose costs are accumulated in the cost pool.
A) Compute the single indirect cost allocation rate that the bank would use to allocate the total indirect costs presented in Exhibit B.
The GAO proposal would also prohibit the auditor from preparing an indirect cost proposal or cost allocation plan when indirect costs recovered by the audited entity are material to the financial statements or subject matter of the audit.
Ehrenberg and Mykula's analysis suggests that changes in indirect cost rates influence the allocation across institutions of total federal research funding, direct cost funding, indirect cost funding, and the number of grants.