Which of the following is a cost that contract parties typically agree to include in the costs to be reimbursed?

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Quizplus · Accepted Answer

An allowable cost is a cost that the contract parties agree to include in the costs to be reimbursed. These costs are typically reasonable, allocable, and incurred solely for the purpose of executing the contract. An unallowable cost is a cost that is not reimbursable under the terms of the contract. A stand-alone cost is a cost that is not related to the execution of the contract, and an incremental cost is a cost that results from adding an additional unit or level of activity.

Which of the Following Is a Cost That Contract Parties