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Proposal DSP#: To Be Completed By the Principal Investigator -. Item Description: Justification (How Does This Expenditure Benefit the Project?) Allocation / ...
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What is cost accounting justification?
Cost accounting justification is the process of explaining and providing support for the costs incurred by a business in order to justify them as necessary and reasonable.
Who is required to file cost accounting justification?
Government contractors who are subject to the Cost Accounting Standards (CAS) regulations are required to file cost accounting justification.
How to fill out cost accounting justification?
Cost accounting justification can be filled out by compiling all relevant cost data, providing explanations for any variances or discrepancies, and ensuring compliance with CAS regulations.
What is the purpose of cost accounting justification?
The purpose of cost accounting justification is to ensure transparency, accuracy, and compliance with regulations in the reporting of costs incurred by a business.
What information must be reported on cost accounting justification?
Cost accounting justification must include details of direct and indirect costs, allocation methods, cost variances, and explanations for any deviations from standard costing practices.
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