|Bill of materials|
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Definition of Bill of materials
Bill of materials
A listing of all the materials and quantities that go to make up a completed product.
bill of materials
a document that contains information about
Bill of materials
An itemization of the parts and subassemblies required to create a
A listing of all parts and subassemblies required to produce one
A bill of material that accounts for the generation and
A bill of materials format showing the grand total
A budget cost for materials and labour used for decision-making, usually expressed as a per unit cost that is applied to standard quantities from a bill of materials and to standard times from a
A bill of materials chart listing the bills for similar products,
A bill of materials for a subassembly that is not normally
The component-level requirements for a production run,
General term for a document demanding payment.
A contract between the exporter and a transportation company in which the latter agrees to
Very short maturity bills that the Treasury occasionally sells because its cash
An instrument evidencing the obligation of a seller to deliver securities sold to the buyer.
billing system in which the invoices are sent off at the time of customer orders are all separate
Computer-based systems that plan backward from the production schedule
billing method in which the sales for a period such as a month (for which a customer also
Special bills that the Treasury occasionally issues that mature on corporate
Debt obligations of the U.S. Treasury that have maturities of one year or less. Maturities for Tbills
U.S. Treasury bill
U.S. government debt with a maturity of less than a year.
Unprocessed goods bought for manufacture, part of inventory.
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
Short-term U.S. government security issued at a discount from
Direct materials cost
The cost of all materials used in a cost object, such as finished goods.
Direct materials mix variance
The variance between the budgeted and actual mixes of
Materials price variance
The difference between the actual and budgeted cost to
Materials quantity variance
The difference between the actual and budgeted quantities
Raw materials inventory
The total cost of all component parts currently in stock that
See Treasury bill.
A short-term (less than one year) government discount bond.
Bill and Hold Practices
Products that have been sold with an explicit agreement that delivery
Cost Plus Estimated Earnings in Excess of Billings
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
Unbilled Accounts Receivable
Revenue recognized under the percentage-of-completion
Indented bill of material
A bill of material reporting format under which successively
A document listing the quantities of specific parts to be withdrawn
Modular bill of material
A bill of material format in which components and subassemblies
Multilevel bill of material
An itemization of all bill of material components, including
Repair bill of material
A special bill itemizing changes needed to refurbish an
Single-level bill of material
A list of all components used in a parent item.
Short-term government security.
online bill payment
The electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account.
An anticipated loss percentage included in the bill of material and
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