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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.
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What is the definition of indirect?
what is the definition of indirect
Are indirect labor and materials part of Factory Overhead?
Would overhead include indirect materials and indirect labor?
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!
What is the definition of indirect customer and direct customer?
indirect customers
Can Raw materials be direct or indirect?
raw material are indirect material
What are the indirect bandgap materials?
GaP in an indirect band gap material
Pattern of direct and indirect speech?
definition direct and indirect statement
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.
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
What is the definition of indirect contributions?
Contributions to a cause that are not overt.
