(3) The methods of allocating indirect costs to the contract. (2) The indirect cost pools to which each element or function of cost is charged or proposed to be charged and (1) The classification of elements or functions of cost as direct or indirect ![]() In any event the cost accounting practices used in estimating costs in pricing a proposal and in accumulating and reporting costs on the resulting contract shall be consistent with respect to: However, costs estimated for proposal purposes shall be presented in such a manner and in such detail that any significant cost can be compared with the actual cost accumulated and reported therefor. (a) The standard allows grouping of homogeneous costs in order to cover those cases where it is not practicable to estimate contract costs by individual cost element or function. (b) The following modifications of terms defined elsewhere in this chapter 99 are applicable to this Standard: None. (7) Reporting costs means provision of cost information to others. (6) Proposal means any offer or other submission used as a basis for pricing a contract, contract modification or termination settlement or for securing payments thereunder. (5) Pricing means the process of establishing the amount or amounts to be paid in return for goods or services. (4) Indirect cost pool means a grouping of incurred costs identified with two or more objectives but not identified specifically with any final cost objective. (3) Estimating costs means the process of forecasting a future result in terms of cost, based upon information available at the time. ![]() (2) Actual cost means an amount determined on the basis of cost incurred (as distinguished from forecasted cost), including standard cost properly adjusted for applicable variance. (1) Accumulating costs means the collecting of cost data in an organized manner, such as through a system of accounts. Other terms defined elsewhere in this part 99 shall have the meanings ascribed to them in those definitions unless paragraph (b) of this subsection, requires otherwise. (a) The following are definitions of terms which are prominent in this Standard. 9904.400 9904.401 Cost accounting standard - consistency in estimating, accumulating and reporting costs. Part_9904_T48_7010265.html#Section_9904_404_63_T48_70102650141ĩ904.405 Accounting for unallowable costs.ĩ904.406 Cost accounting standard - cost accounting period.ĩ904.407 Use of standard costs for direct material and direct labor.ĩ904.408 Accounting for costs of compensated personal absence.ĩ904.409 Cost accounting standard - depreciation of tangible capital assets.ĩ904.410 Allocation of business unit general and administrative expenses to final cost objectives.ĩ904.411 Cost accounting standard - accounting for acquisition costs of material.ĩ904.412 Cost accounting standard for composition and measurement of pension cost.ĩ904.412-60.1 Illustrations - CAS Pension Harmonization Rule.ĩ904.412-64.1 Transition Method for the CAS Pension Harmonization Rule.ĩ904.413 Adjustment and allocation of pension cost.ĩ904.413-64.1 Transition Method for the CAS Pension Harmonization Rule.ĩ904.414 Cost accounting standard - cost of money as an element of the cost of facilities capital.ĩ904.415 Accounting for the cost of deferred compensation.ĩ904.417 Cost of money as an element of the cost of capital assets under construction.ĩ904.418 Allocation of direct and indirect costs.ĩ904.420 Accounting for independent research and development costs and bid and proposal costs.ĩ904.420-63 Effective date. ![]() 9904.401 Cost accounting standard - consistency in estimating, accumulating and reporting costs.ĩ904.402 Cost accounting standard - consistency in allocating costs incurred for the same purpose.ĩ904.403 Allocation of home office expenses to segments.ĩ904.404 Capitalization of tangible assets.
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