CRA EXAM MATH WITH ALL CORRECT & 100% VERIFIED ANSWERS|LATEST UPDATE|ALREADY GRADED A+

CRA EXAM MATH WITH ALL CORRECT & 100% VERIFIED
ANSWERS|LATEST UPDATE|ALREADY GRADED A+
1. calculating indirect costs:
Example: Consider a sponsored project
Calculating costs when an award
award with these instructions:
specifies indirect costs as a
percentage of total direct costs. The total award is $100,000
Equipment is budgeted at
$20,000
The indirect cost rate is 15%, excluding
equip- ment
Calculate the amount subject to indirect
costs (IDC):

Total award $100,000
Minus exclusions (equipment) -$20,000
Modified total costs $80,000
Divide the modified total costs by 1.X%
(where X=IDC percentage). The result is
the dollar amount of direct costs.
In this example, $80,000 divided by 1.15
equals
$69,565 in direct costs.
Subtract direct costs from the modified total
costs amount. The result is the dollar
amount of indi- rect costs.
In this example, $80,000 minus $69,565
equals
$10,435 in indirect costs.
All allocations should add up to the total
award.

$20,000 equipment
$69,565 direct cost
$10,435 indirect cost
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, CRA EXAM MATH WITH ALL CORRECT & 100% VERIFIED
ANSWERS|LATEST UPDATE|ALREADY GRADED A+

2. indirect cost formula 1 Divide Total budget amount by 1+indirect
cost percentage
2 This gives you total budget amount
before in-




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