|Phantom bill of material|
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Definition of Phantom bill of material
Phantom bill of material
A bill of materials for a subassembly that is not normally
Very early orders for materials before the completion
Products that have been sold with an explicit agreement that delivery
General term for a document demanding payment.
A contract between the exporter and a transportation company in which the latter agrees to
A listing of all the materials and quantities that go to make up a completed product.
a document that contains information about
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
Very short maturity bills that the Treasury occasionally sells because its cash
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
a readily identifiable part of a product; the cost of such a part
The cost of all materials used in a cost object, such as finished goods.
The variance between the budgeted and actual mixes of
An instrument evidencing the obligation of a seller to deliver securities sold to the buyer.
Inventory that has been physically marked as being for a
Indented bill of material
A bill of material reporting format under which successively
billing system in which the invoices are sent off at the time of customer orders are all separate
material mix variance
(actual mix X actual quantity X standard price) - (standard mix X actual quantity X standardprice);
material price variance
total actual cost of material purchased
material quantity variance
(actual quantity X standard price) - (standard quantity allowed standard price);
Material requirements planning
A computerized system used to calculate material
Material requirements planning (MRP)
A computer-driven production methodology
material requisition form
a source document that indicates
Material review board
A company committee typically comprising members representing
material yield variance
(standard mix X actual quantity X standard price) - (standard mix X standard quantity X standard price);
The proportional size of a financial misstatement. It can be construed as
A characterization of the magnitude of a financial statement item's effect on a
Materials price variance
The difference between the actual and budgeted cost to
Materials quantity variance
The difference between the actual and budgeted quantities
Materials requirement planning
Computer-based systems that plan backward from the production schedule
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
A document listing the quantities of specific parts to be withdrawn
Matrix bill of material
A bill of materials chart listing the bills for similar products,
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
Any inventory item that does not match its original design
The waste materials resulting from a production process.
online bill payment
The electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account.
a temporary absorption costing profit caused
Base-level items used by the manufacturing process to create either
Raw material supply agreement
As used in connection with project financing, an agreement to furnish a
Unprocessed goods bought for manufacture, part of inventory.
Raw materials inventory
The total cost of all component parts currently in stock that
Repair bill of material
A special bill itemizing changes needed to refurbish an
material that has been reworked and returned to stock.
material that has been reserved for a specific purpose.
Single-level bill of material
A list of all components used in a parent item.
billing method in which the sales for a period such as a month (for which a customer also
Summarized bill of materials
A bill of materials format showing the grand total
See Treasury bill.
Tax anticipation bills (TABs)
Special bills that the Treasury occasionally issues that mature on corporate
Short-term U.S. government security issued at a discount from
A short-term (less than one year) government discount bond.
Short-term government security.
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.
Unbilled Accounts Receivable
Revenue recognized under the percentage-of-completion
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