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Accounting information systems Match the terms listed below with the definitions attached by placing the letter of the term in the blank space next to
Accounting information systems
Match the terms listed below with the definitions attached by placing the letter of the term in the blank space next to the appropriate definition. DEFINITIONS OF TERMINOLOGY RELATING TO PRODUCTION PROCESS 1. The time it takes from when authorization is made for goods to be produced to when the goods are completed. 2. The accumulation of the data on current inventories, sales commitments, and planned production to determine whether the production of finished goods will be sufficient to commit to additional sales orders. 3. A listing of all the subassemblies, parts, and raw materials that go into a parent assembly showing the quantity of each that is required to make an assembly. 4. Describes stations available for producing products, including information such as the machine available at the station, its capacity, its maintenance requirements, labor needs to operate it, and so on. 5. The accumulation of the data on current inventories, sales commitments, planned production and excess production capacity, or other planned production capacity that could be quickly converted to production of the desired finished goods necessary to fulfill a sales order request. 6. Process for which the sales forecast drives the production plan, and goods are produced in large batches. 7. Specifies the operations necessary to complete a subassembly or finished good and the sequence of these operations. 8. A statement of specific production goals developed from forecasts of demand, actual sales orders, or inventory information. 9. Lists the detailed specifications for each raw materials item. 10. This process is initiated as individual sales orders are received and theoretically each job consists of a "batch" of one unit Step by Step Solution
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