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INDIRECT MATERIAL Materials, purchases and supplies used in the operation of the business, not directly associated with production and are part of OPERATING EXPENSES. As opposed to DIRECT MATERIAL.
DIRECT MATERIALS Raw materials and other purchases that become a part of the units produced and incur expenditures that are easily traced to the units of output and included in the COST OF GOODS SOLD. As opposed to INDIRECT MATERIALS, such as office supplies.
What else can I help you with?
Are indirect labor and materials part of Factory Overhead?
Would overhead include indirect materials and indirect labor?
What is the definition of indirect customer and direct customer?
indirect customers
Are indirect materials variable or fixed cost?
Indirect
What is the difference of indirect materials and direct materials?
One is indirect and one is direct!
Pattern of direct and indirect speech?
definition direct and indirect statement
Can Raw materials be direct or indirect?
raw material are indirect material
What is the definition of indirect?
Indirect refers to something that is not straightforward or done in a roundabout way. It may involve using intermediaries or having an effect that is not immediately obvious or direct.
What is the definition of material cost?
material costing is defined as the cost of product which only include the cost of materials and excludes all the indirect cost such as wages, overheads etc.
What is the definition of indirect contributions?
Contributions to a cause that are not overt.
What is the definition of indirect trade?
when trade is done through some intermediate in between is called indirect trade
Prime cost and conversion cost?
Prime cost = direct materials + direct laborwhile conversion cost = direct labor + factory overhead( which includes indirect materials, indirect labor and other indirect costs
Is indirect materials factory a fixed or variable cost?
no
