Question
Accounting Information Systems : We are focusing in on the production/inventory cycle. This cycle incorporates a lot of the concepts learned in managerial and cost
Accounting Information Systems:
We are focusing in on the production/inventory cycle. This cycle incorporates a lot of the concepts learned in managerial and cost accounting. Consider terms/ controls within this process such As: Move Tickets
Manufacturing orders (MOs) convey authority for the manufacture of a specified product or subassembly in a specified quantity and describe the material, labor, and machine requirements for the job. The MO is the official trigger to begin manufacturing operations. When MOs are released, they are generally accompanied by move tickets (typically in the form of bar code tags) that authorize and record movement of a job from one work center to another. The move ticket contains various information for tracing work completion, such as the shop work authorization number representing the job being completed; the department, machine, operator, and time of completion; and check boxes for completion of current task and inspection of prior tasks completion. Generally, these data are captured by scanning the bar code to expedite data entry and improve accuracy.
Explain what the move ticket process is. Provide an example of it (preferably with a real company.)
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