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Feedforward control provides information about performance deficiencies by monitoring inputs, not outputs.
Job Cost Sheet
A financial record used in cost accounting to track the expenses associated with a specific job or project, aiding in budgeting and profitability analysis.
Stores Ledger Cards
Detailed records used in inventory management to track the quantity and cost of items held in storage.
Cost of Goods Manufactured
The total cost incurred by a company to produce goods in a specific period, including labor, material, and overhead costs.
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been sold to customers.
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