A researcher creates a proposal for a research project with the following direct costs:
| Principal Investigator Honorarium |
$ 8,000 |
| Graduate Students (MSc x 2) |
$ 38,400 |
| Research Associate (Project Mgr.) |
$ 40,000 |
| Technician |
$ 14,400 |
| Consumables |
$ 38,800 |
| Equipment |
$ 12,000 |
| Travel and Subsistence |
$ 4,800 |
| Non-University Consultant |
$ 3,600 |
| Total |
$ 160,000 |
The following models below demonstrate how to present a budget for this project to the sponsor under different circumstances:
Standard Costing Model (25% Overhead Built In)
| Principal Investigator Honorarium |
$ 10,000 |
| Graduate Students (MSc x 2) |
$ 48,000 |
| Research Associate (Project Mgr.) |
$ 50,000 |
| Technician |
$ 18,000 |
| Consumables |
$ 48,500 |
| Equipment |
$ 15,000 |
| Travel and Subsistence |
$ 6,000 |
| Non-University Consultant |
$ 4,500 |
| Total |
$ 200,000 |
Standard Costing Model (25% Overhead Separated)
| Principal Investigator Honorarium |
$ 8,000 |
| Graduate Students (MSc x 2) |
$ 38,400 |
| Research Associate (Project Mgr.) |
$ 40,000 |
| Technician |
$ 14,400 |
| Consumables |
$ 38,800 |
| Equipment |
$ 12,000 |
| Travel and Subsistence |
$ 4,800 |
| Non-University Consultant |
$ 3,600 |
| UBC Overhead (25% of direct costs) |
$40,000 |
| Total |
$ 200,000 |
