Inventory Glossary - N
N
- new average cost
- Cost of an item after a transaction that affects the average cost is processed. See current average cost.
- new on-hand quantity
- The quantity on-hand immediately after the transaction is performed and saved. Equal to current on-hand quantity plus total quantity. See current on-hand quantity, total quantity.
- non-standard asset job
- A type of non-standard job carried as an asset during the life of the job.
- non-standard discrete job
- A type of discrete job that controls material and resources and collects costs for a wide variety of miscellaneous manufacturing activities. These activities can include rework, field service repair, upgrade, disassembly, maintenance, engineering prototypes, and other projects. Non-standard jobs do not earn material overhead upon assembly completion.
- non-standard expense job
- A type of non-standard job expensed at the close of each accounting period. Typical expense jobs include maintenance and repair.
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