Conversion cycle :
Production system
control of the physical product through the manufacturing process.
The cost accounting system
monitors the flow of cost information related to production.
Production plan : the total amount of output that the manufacturing department is responsible to produce for each period .
- The production plan need to production schedule to schedule the items for completion promptly , according to promised delivery dates. To avoid the over loading or under loading of the production facility , and so that production capacity is efficiently utilized and low production costs result .
- Production control refers to stage of ensuring that planned action is in tact carried out .
- Control makes appropriate adjustments through progressing to take care of any unforeseen circumstances .