- Basic guidelines
- Composition of Costs
- Total costs = direct costs + indirect costs - applicable credits
- Classification: no universal rule; but must be consistent
- Direct Costs
- Identifiable specifically with a particular cost objective, ie. project or award or primary function
- Indirect Costs
- Costs of general support activities that benefit more than one cost objective
- Not readily assignable w/o disproportionate effort
2005 - Federal Transit Administration