You are conducting research for a client that is a government entity. Your task is to check on the following costs to see if they are allowed according to the Office of Management and Budget (OMB) as indirect recoverable costs by federal research grants: bad debts, recruiting costs, and security costs that are deemed reasonable and necessary.
what are each cost's section on the OMB website? Are the costs are allowed or not? If the cost may be allowed, explain the circumstances that the cost may be allowed.
The OMB website is https://www.whitehouse.gov/omb/information-for-agencies/circulars.What are some management costing tools that could help your client save money to offset nonrecoverable costs? Could the balanced scorecard provide long-term cost savings to your client?