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Exam (elaborations)
GFEBS L230E Cost Management Process Overview with Correct Answers
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1. Direct Cost: A cost such as labor, materials, or supplies that can be traced directly to producing a specific output of an organization, product, and service 2. Indirect Cost: A cost that cannot be traced directly to a specific organization, product, and/or service output They often are allocated on a predetermined basis and generally are synonymous with overhead costs such as general and adminis- trative expenses. 3. Funded Cost: The value of goods or services received because of an obligation of funds by the organization performing the work 4. Unfunded Cost: A cost that is financed by another organization's or activity's appropriations.
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