With respect to the business proposal, what are “fringe benefits”? Is it applicable just for labor or all the rubrics?
The following website provides an example of what is included in a fringe benefit rate: http://oamp.od.nih.gov/dfas/IDCTwoTierExample2.xls Some fringe benefit costs include vacation, sick leave, insurance, payroll taxes, and pension plans. These are the costs that an organization pays for the employee. The base for fringe benefits is just direct labor, not all the rubrics. You should use the fringe benefit rate applicable to your organization. You should be able to obtain this information from your business and or finance/accounting office.
Related Questions
- With respect to the business proposal, what are "fringe benefits"? Is it applicable just for labor or all the rubrics?
- We understand any proposal must comply with EU State Aid rules applicable to this funding. What are they?
- If direct labor is blank. how you come up with the cost?in schedule of cost of goods manufactured?
