Indirect Cost Rate Calculator
An indirect cost rate is a crucial metric for businesses, especially those that receive government contracts or grants. It represents the ratio of indirect costs to direct costs. This rate helps organizations allocate shared operational expenses (like rent, utilities, administrative salaries) to specific projects or cost objectives. Understanding and accurately calculating your indirect cost rate is essential for accurate bidding, profitability analysis, and compliance with auditing requirements.
Total Indirect Costs:
Total Direct Costs:
Calculate Indirect Rate
function calculateIndirectRate() {
var totalIndirectCosts = document.getElementById("totalIndirectCosts").value;
var totalDirectCosts = document.getElementById("totalDirectCosts").value;
var resultDiv = document.getElementById("result");
// Clear previous results
resultDiv.innerHTML = "";
// Input validation
if (isNaN(totalIndirectCosts) || totalIndirectCosts === "" ||
isNaN(totalDirectCosts) || totalDirectCosts === "") {
resultDiv.innerHTML = "Please enter valid numbers for all fields.";
return;
}
if (parseFloat(totalDirectCosts) === 0) {
resultDiv.innerHTML = "Total Direct Costs cannot be zero.";
return;
}
// Calculation
var indirectRate = (parseFloat(totalIndirectCosts) / parseFloat(totalDirectCosts));
var indirectRatePercentage = indirectRate * 100;
// Display result
resultDiv.innerHTML =
"
Indirect Cost Rate: " + indirectRate.toFixed(4) + "" +
"
Indirect Cost Rate (as a percentage): " + indirectRatePercentage.toFixed(2) + "%";
}
.calculator-container {
font-family: Arial, sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 500px;
margin: 20px auto;
background-color: #f9f9f9;
}
.calculator-container h2 {
text-align: center;
margin-bottom: 20px;
color: #333;
}
.calculator-container p {
line-height: 1.6;
color: #555;
margin-bottom: 15px;
}
.input-section {
margin-bottom: 20px;
}
.input-section label {
display: block;
margin-bottom: 8px;
font-weight: bold;
color: #444;
}
.input-section input {
width: calc(100% – 20px);
padding: 10px;
margin-bottom: 15px;
border: 1px solid #ddd;
border-radius: 4px;
box-sizing: border-box;
}
button {
display: block;
width: 100%;
padding: 12px 20px;
background-color: #4CAF50;
color: white;
border: none;
border-radius: 4px;
cursor: pointer;
font-size: 16px;
transition: background-color 0.3s ease;
}
button:hover {
background-color: #45a049;
}
.result-section {
margin-top: 25px;
padding-top: 15px;
border-top: 1px dashed #eee;
}
.result-section p {
font-size: 1.1em;
color: #333;
}
.result-section strong {
color: #4CAF50;
}