What is 'direct costs' in SAP PSM-FG - Functions for U.S. Federal Government?

direct costs - Overview

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: Expenses wholly related to detailed sponsored program activities.

direct costs - Details

• 
  Key Concepts: 
  Direct costs are expenses that can be directly attributed to a specific cost object, such as a project or product. These costs are typically associated with the production of goods or services and are not shared with other cost objects. Examples of direct costs include materials, labor, and overhead.
  
  How to use it: 
  In the PSM-FG Functions for U.S. Federal Government component of SAP, direct costs can be tracked and managed in order to ensure that the project or product is being produced in an efficient and cost-effective manner. This component allows users to track and manage direct costs associated with a project or product, such as materials, labor, and overhead.
  
  Tips & Tricks: 
  It is important to remember that direct costs are only those costs that can be directly attributed to a specific cost object. It is also important to remember that direct costs should not be shared with other cost objects.
  
  Related Information: 
  For more information on direct costs and how they can be tracked and managed in SAP, please refer to the SAP Help documentation for the PSM-FG Functions for U.S. Federal Government component.