indirect materials

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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.

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Entry number 4 tempts students to debit direct materials instead of work-in-process (WIP) and indirect materials instead of overhead.

An Active Learning Approach to Teaching Job-Order Costing

To address these points, and to isolate best practices for indirect procurement, a team of academics and industry executives from Microsoft, Magna International and Intuit paired up with COPC, a leading standards and procurement company, to systematically investigate the process of strategic sourcing of indirect materials and services.

The right way to procure indirect materials & services: A new IP standard offers a framework to get the most from your indirect spend

To illustrate the surface characterization of indirect materials and to determine the effects of PPPs, representative scanning electron micrographs (SEM) were taken from each group.

The effect of prophylactic polishing pastes on surface roughness of indirect restorative materials

Tom Eisenman: CPOs are obligated to provide strategic direction and operational alignment for the indirect materials and services procured by their organizations.

How Chief Procurement Officers Can Make Better Informed Strategic Decisions

Capgemini's unit Capgemini Procurement Services will provide Hilti's Procurement Indirect Materials department with a full range of solutions based on the online platform IBX.

-French Capgemini signs five-year services contract with Hilti

We are finding that the increases in indirect materials and alloys are getting ahead of our ability to manage them, and direct materials (steel, pig) are trending higher, increasing surcharges, which are being met with resistance by our larger customers."--George Boyd Sr., Goldens' Foundry & Machine

Sales up, materials down how market conditions will affect purchasing in 2011: metalcasters are optimistic about sales and equipment purchases but pessimistic when it comes to materials

He is responsible for corporate procurement and the sourcing and supply of resins, paper, direct and indirect materials, finished goods and services.

Solo Cup Company building leadership for a new marketplace

The concept is similar to buying an off-the-shelf sales force automation application for managing the sales pipeline, or a procurement application to manage the purchase of direct or indirect materials for the supply chain.

Is your approach to multidomain master data management upside-down?

Although other approaches have used LEGO[R] blocks to teach management accounting terms and techniques (Roth, 2005; Morgan, Martin, Howard, & Mihalek, 2005; Burns & Mills, 1997), this simulation is different in two major ways: (1) it focuses solely and comprehensively on job order costing whereas previous articles have only superficially covered job order costing, and (2) by using the variety of materials called for in this simulation, the product and manufacturing process is more realistic, affording the students the ability to clearly see the differences between direct materials and indirect materials, direct labor and indirect labor, and other items that constitute manufacturing overhead.

Job order costing: a simulation and vehicle for conceptual discussion

The author is helpful in aiding the reader in understanding the crux of the book better cost classification for increased profit at the margin and by providing graphs such as Incremental Revenue and Costs and Relationship Between Indirect Materials Cost and Direct Labor Hours.

Economic Profits for the Small Business Manager

The company also plans to implement new cost control policies to eliminate non-essential discretionary spending, and purchasing actions to lower the cost of both raw materials and indirect materials. Additionally, Goodyear plans an unprecedented number of new product launches in 2009, with more than 50 new tires being introduced globally.

Goodyear to cut 5,000 jobs after quarterly loss

The concept of industrial vending evolved into a variety of products that help manufacturers control perishable tooling, safety supplies, MRO supplies, and other indirect materials.

Snacks sold separately: using a vending machine to organize its tool inventory put money back into the pocket of a tool and die manufacturer