1. Accumulate. Choose 1 off the following:
   • Direct - directly related to the objectives of a project or department
     • If direct, but applicable to multiple projects and can be determined how to allocate between them, do so.
   • Indirect - benefits the company as a whole or is routinely treated as indirect
     • See list of purchases treated as indirect by policy
2. Allocate
   • Determine indirect rate(s) according to company policy (use consistent method, but can change from year to year.)
   • Apply indirect rate to cost base per direct category

Create a table with three columns:

• Direct (umbrella)
  1. Cost Objective (Grant, Commercial)
  2. Unallowable

3. Indirect

Rows are specific categories, with some specific examples as needed (eg for LB, include phone, Weebly)

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