An indirect material:
A)Is an overhead cost.
B)Is a product cost.
C)Does not need to be accounted for using the perpetual method.Reworded since the term periodic method is not used in chapter
D)All of these. Reworded since the term periodic method is not used in chapter

Question

Quizplus · Accepted Answer

Indirect materials are considered overhead costs and are part of product costs. They do not need to be tracked individually using the perpetual method, as they are typically accounted for in aggregate.

An Indirect Material