BUFDG TRAC Learning Quiz - Full economic costing

The aim of this quiz is to check your understanding of full economic costing for research projects.

To determine the cost of individual taught courses

To determine the cost of individual research projects

To determine the cost of professional services departments

To determine the cost of individual members of academic staff

Directly allocated costs

Indirect costs

Directly incurred costs

Hypothecated costs

Estates costs

The principal investigator's salary cost

Travel and subsistence costs

The institution's indirect costs

Estates costs

Consumables

The institution's indirect costs

The cost of the finance department

Yes, as long as the cost is below £1,000

Yes, but only for staff salary costs

NO! THERE MUST BE NO DOUBLE COUNTING OF ANY COSTS!

Yes, but only if one of the categories is indirect costs