[Code of Federal Regulations]

[Title 48, Volume 7]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR9904.402-40]



[Page 357]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

     CHAPTER 99--COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL 

           PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET

 

PART 9904_COST ACCOUNTING STANDARDS--Table of Contents

 

Sec. 9904.402-40  Fundamental requirement.



    All costs incurred for the same purpose, in like circumstances, are 

either direct costs only or indirect costs only with respect to final 

cost objectives. No final cost objective shall have allocated to it as 

an indirect cost any cost, if other costs incurred for the same purpose, 

in like circumstances, have been included as a direct cost of that or 

any other final cost objective. Further, no final cost objective shall 

have allocated to it as a direct cost any cost, if other costs incurred 

for the same purpose, in like circumstances, have been included in any 

indirect cost pool to be allocated to that or any other final cost 

objective.