Get the free Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs ...

This document is a request form used by the University of Alaska to seek an exemption from the Cost Accounting Standards (CAS) for direct charging administrative and clerical salaries and other related

How to fill out request for cas exemption

How to fill out Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs

1. Obtain the Request for CAS Exemption form from the relevant agency or department.
2. Identify the specific costs you wish to charge directly and ensure they meet the criteria for a CAS exemption.
3. Complete the form with detailed explanations for each cost you are requesting to charge directly.
4. Gather supporting documentation that substantiates your claims and rationale for direct charging.
5. Review the completed form and documentation for accuracy and completeness.
6. Submit the form and all supporting documents to the designated authority or department for review.

Who needs Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs?

1. Organizations or institutions that wish to direct charge certain costs that are typically classified as indirect costs.
2. Entities involved in federal contracts or grants that require justification for different cost treatment under CAS.

People Also Ask about

What is the indirect cost exemption?

An indirect cost exception is the official authorization to accept indirect cost recovery other than what would be recovered under the appropriate federally-negotiated rate agreement or UC Rate for a given award.

Which of these expenses is normally treated as an indirect cost?

Examples of costs usually treated as indirect include those incurred for facility operation and maintenance, depreciation, and administrative salaries. By contrast, direct costs can be attributed directly to a specific cost objective and tracked in discrete categories such as personnel, travel, supplies, etc.

What is the meaning of direct cost and indirect cost?

As we can see, direct costs are those that are directly involved with bringing your product to market, while indirect costs are those incurred during the processes that support this. Both are important, as they are part of your bottom line, and provide an insight into your company's profitability.

What is direct and indirect cost with an example?

The wages of line managers or administrative staff, however, is an indirect cost because it does not directly impact the product. Sales commissions are also considered a direct cost because they play a vital role in delivering the product to the customer.

What are examples of direct vs indirect?

In the sentence "You forgave me my mistake" the thing being forgiven is the mistake, so "my mistake" is the direct object. The mistake is being forgiven for me so "me" is the indirect object.

What are CAS exemptions?

CAS Exemptions & Applicability Contract is awarded under sealed-bid procedures. Award is firm-fixed price (FFP) contract for commercial item(s) Price is set by law or regulation. Award is a firm-fixed-price contract awarded on the basis of adequate price competition without submission of cost or pricing data.

What do you mean by indirect costs?

What are indirect costs? Employee salaries. Employee benefits. Rent. Utilities. Office supplies and equipment. Computers, printers and cell phones. Company vehicle expenses. Marketing and promotion.

For pdfFiller’s FAQs

What is Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs?

The Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs is a formal request made by contractors or grantees to seek approval to directly charge certain costs that are typically classified as indirect costs. This request is in accordance with the Cost Accounting Standards (CAS) to ensure that these costs are properly allocated and justified.

Who is required to file Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs?

Organizations that receive federal funding or contracts and wish to allocate certain costs that are usually considered indirect as direct charges are required to file this request. Typically, this includes contractors, grantees, or research institutions.

How to fill out Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs?

To fill out the Request for CAS Exemption, the organization must provide detailed information about the costs being requested for direct charging, justification for the exemption, relevant supporting documentation, and a description of how these costs will be allocated and managed within the project.

What is the purpose of Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs?

The purpose of the Request for CAS Exemption is to obtain permission to charge costs that are not typically direct to be allocated directly to a specific project or contract. This helps provide better financial accountability and cost management for federally funded projects.

What information must be reported on Request for CAS Exemption to Direct Charge Costs Normally Treated as Indirect Costs?

The request must report information such as the specific costs to be charged directly, the rationale for the request, supporting documentation that demonstrates the necessity of the costs, how the costs align with the project objectives, and the impact of these charges on the overall budget.