§ 200.402 Composition of costs.
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Title 2—Federal Financial Assistance > Subtitle A—Office of Management and Budget Guidance for Federal Financial Assistance > CHAPTER II—OFFICE OF MANAGEMENT AND BUDGET GUIDANCE > PART 200—UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS > Subpart E—Cost Principles > Basic Considerations
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The total cost of a Federal award is the sum of the allowable direct and allocable indirect costs minus any applicable credits
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