indirect materials


Also found in: Acronyms.

indirect materials

any raw materials which, while they are not incorporated in a product, are nonetheless consumed in the production process, for example lubricants and moulds for metal castings. The cost of such indirect materials is usually counted as part of production OVERHEADS. See DIRECT MATERIALS, FIXED COST, STANDARD COST.

indirect materials

any raw materials that, while they are not incorporated in a product, are nonetheless consumed in the production process, for example, lubricants and moulds for metal castings. Compare DIRECT MATERIALS.