|Single-level bill of material|
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Definition of Single-level bill of material
Single-level bill of material
A list of all components used in a parent item.
the maximum limit for the number of defects or errors in a process
Very early orders for materials before the completion
a cost that is caused by a group of things
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
The degree of assurance that a specified failure rate is not exceeded.
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
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
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
Bond with a stream of coupon payments that are the same throughout the life of the bond.
The characteristic of the scheduled principal and interest payments due under a mortgage such that
A premium that remains unchanged throughout the life of a policy
Level Premium Life Insurance
This is a type of insurance for which the cost is distributed evenly over the premium payment period. The premium remains the same from year to year and is more than actual cost of protection in the earlier years of the policy and less than the actual cost of protection in the later years. The excess paid in the early years builds up a reserve to cover the higher cost in the later years.
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 cost incurred to support the ongoing
Phantom bill of material
A bill of materials for a subassembly that is not normally
A weighted average of prices of all goods and services where the weights are given by total spending on each good or service. Measured by a price index.
product- (or process-) level cost
a cost that is caused by the development, production, or acquisition of specific products or services
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.
A price level above which it is supposedly difficult for a security or market to rise.
Single country fund
A mutual fund that invests in individual countries outside the United States.
Single factor model
A model of security returns that acknowledges only one common factor.
Single index model
A model of stock returns that decomposes influences on returns into a systematic factor,
Related: market model
A bond that will make only one payment of principal and interest.
Single-premium deferred annuity
An insurance policy bought by the sponsor of a pension plan for a single
Using a single supplier as the only source of a part.
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
A price level below which it is supposedly difficult for a security or market to fall.
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
a cost caused by the production or acquisition
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