Associated Allowable Cost definition
Associated Allowable Cost means overhead costs (also known as burden) associable with activities, such costs to be allocated to activities on a cause and effect or resource consumption basis;
- Home
- Dictionary
- Associated Allowable Cost
Related to Associated Allowable Cost
Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.
Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.
Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.
Maximum allowable cost list means a list of drugs for
total allowable catch (TAC) means: