If the cost of indirect materials needed for production is insignificant,it should not be included in the budgeting process.

Name: If the cost of indirect materials needed for production is insignificant,it should not be included in the budgeting process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Indirect materials are an important part of the budgeting process, even if their cost is insignificant. This is because indirect materials are still necessary for production, and their cost can still impact the overall budget.

If the Cost of Indirect Materials Needed for Production Is