indirect materials

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005