Explain at least two of the following:Indirect costs, direct costs, allocation base, pool, G&A, fringe benefits, intermediate pools, and under/over applied overhead.Discuss how the two you selected apply to government contracts and government contractors.Research in the library or the Internet as well to find material that could support your position.

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Lets start by explaining two of the terms Indirect Costs Indirect costs are expenses that cannot be directly traced to a specific cost object such as a product service or department but are incurred f... View the full answer