Indirect Materials Definition:

Small items of material such as glue and nails. These items may become an integral part of a finished product but are traceable to the product only at great cost or inconvenience.

Other Related Accounting Articles:

• Direct Materials Definition
• Raw Materials Definition
• Cost of Goods Sold
• Full Costing Definition
• Direct Material Price Variance
• Back flush Accounting
• Material Requirements Planning (MRP) Definition
• Indirect Cost Definition
• Explaining Assets in terms of Accounting
• Vertical Integration Definition