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An indirect cost rate represents the ratio between the total indirect costs and benefiting direct costs, after excluding and or reclassifying unallowable costs, and extraordinary or distorting expenditures.ooking at it another way, indirect costs are those costs that are not classified as direct. Direct costs can be identified specifically with particular cost objectives such as a grant, contract, project, function or activity. Direct costs generally include:
Unlike direct costs, indirect costs are all costs that are unable to be attributed to a specific business unit (examples being utilities, rent, administrative costs, etc.). Overhead and General & Administrative costs (G&A) are two types of classifications of indirect costs. While the two are similar, there are differences between the two which are important to know. Overhead is ordinarily used for costs incurred that are not direct costs, but that can be attributed to a specific revenue-generating project or job. Any indirect labor or expenses that can be attributed to a certain project can then be distributed across those projects based on the projectsâ direct labor hours, direct labor costs, or direct material costs, to name a few methods.