| Abnormal loss |
Loss beyond the recipe's normal loss. Written off to 5170, not added to stock cost |
| Backflush |
Issuing materials automatically from the recipe when output is recorded |
| Batch |
The good output of a run, with its own batch number, made-on and best-before dates |
| Bill of materials |
The materials and quantities in a recipe |
| By-product |
A second product from a batch, valued at selling price less cost to sell |
| Cure time |
Days a batch must rest after it is made before release |
| Ex-factory price |
The price excise is worked out on, set per excisable product |
| FEFO, first expiry first |
Using or selling the lot with the earliest best-before date first |
| Hold |
Stock reserved for an order or job, which cannot be sold |
| IAS 2 |
The accounting standard for inventories that sets how production cost is measured |
| Made product |
The Inventory product a recipe makes |
| Normal capacity |
The output of a normal month, used to set the fixed overhead rate |
| Normal loss |
The loss a recipe expects in a normal run. Its cost stays in good units |
| Output awaiting costing |
The inactive location where partial output waits until the run is finished |
| Overhead unit |
How much of a normal month's capacity one item uses |
| Person-hour |
One person working one hour |
| Piece rate |
Pay per good unit on a step |
| Quarantined |
An Inventory lot status that keeps stock off sale |
| Recipe version |
A saved copy of a recipe. Each order keeps the version it was planned with |
| Work in progress (WIP) |
Costs of batches not yet finished, held in 1210 |
