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Budgets should include: Direct Costs : Expenses that can be directly attributed to the project, such as salaries, materials, and equipment. IndirectCosts : Overhead costs, such as utilities and administrative expenses. Budget Component Description Direct Costs Expenses directly related to the project.
Ensure all costs are justifiable and directly related to the project. Include both direct costs (e.g., salaries, materials) and indirectcosts (e.g., Apply these tips and strategies, and don’t hesitate to seek feedback from colleagues or mentors. Budget tips: Be as detailed and specific as possible.
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