How to calculate direct and indirect costs
[DOCX File]Financial Reconciliation Workgroup Toolkit
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Direct Salaries for projects are $94,000. Travel for project is $5,000. Materials for project is $1,000. Rent is $200,000. Total Modified Direct Cost amount (or MTDC) is $100,000. This amount was calculated from the direct salaries, travel, and materials costs. 10% Indirect Rate is $10,000.
[DOC File]Sample Indirect Cost Proposal Format For Nonprofit ...
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The non-profit treats all costs as direct costs except general administration and other indirect expenses. Joint costs are prorated individually as direct costs to each category and to each award using a base most appropriate to the particular cost being prorated. Therefore, the direct allocation method has been used in allocating indirect costs.
[DOC File]Restricted Rate Indirect Cost Info and Example for ED Form ...
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For the purposes of this example, a 6% restricted rate from a negotiated indirect cost rate agreement is used to calculate indirect costs. 1. Personnel 150,000 2. Fringe Benefits 50,000 3. Travel 10,000 4. Equipment 5,400 5. Supplies 600 6. Contractual 3,700 7. Construction - 8.
[DOC File]What is an indirect cost
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Generally, direct administration costs differ from indirect charges in that the indirect charges are considered organization-wide costs. This means costs which are related to maintaining operations as a business concern but not costs that finance the delivery of services that provide a …
[DOCX File]Indirect Cost Guidelines - Kentucky Department of Education
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Jan 19, 2006 · Indirect costs may be recovered only to the extent that direct costs were incurred. The indirect cost rate is applied to . actual. direct expenditures, not to the total grant award, in order to determine the amount for indirect costs. Expenditures that are identified as indirect costs cannot also be included as direct costs.
[DOC File]Fixed Indirect Cost Rate Calculation using IRS Form 990 ...
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Calculate the Fixed Indirect Cost Rate using the information on Page 1, as follows: * This amount should conform to a modified total direct cost (MTDC) base. MTDC is defined as total direct costs less stipends, tuition and related fees, equipment, capital expenditures, and the portion of subgrants and subcontracts in excess of $25,000 of each ...
[DOC File]INSTRUCTIONS FOR COMPLETING THE BUDGET WORKSHEET
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The related organization's costs include all actual reasonable costs, direct and indirect, incurred in the furnishing of services, equipment, facilities, leases, or supplies to the provider. The intent is to treat the costs incurred by the supplier as if they were incurred by the contracted provider.
[DOC File]Sample Indirect Cost Proposal Format For Nonprofit ...
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All other costs are either direct or indirect depending on whether they apply to direct or indirect activities. 4/ If the proposed indirect costs for the provisional year being negotiated is based on budgeted amounts (i.e. the total indirect costs are different), please provide separate Schedules B and C for both fiscal years.
[DOCX File]4.1 Calculate Cost of Goods Manufactured
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Materials costs, not surprisingly, consist of direct materials. Conversion costs consist of any other costs incurred to convert the raw materials into a finished product. This includes labor, both direct and indirect, and other overhead such as the cost of machinery, utilities, and supplies.
[DOC File]Indirect costs based on Modified Total Direct Costs:
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Now we multiply MTDC by the indirect cost rate: Year 1 Year 2 Year 3 MTDC 47,000 51,000 46,000 Indirect Costs 48.5% 22,795 24,735 22,310 And find our Total: Year 1 Year 2 Year 3 Indirect Costs 48.5% 22,795 24,735 22,310 Total Direct Costs 64,000 59,000 59,000
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