# data[].attributes.body
Task 1: List Down Departments that are involved in Conversion Cycle

Answer :
i) Production, Planning and Control

Document Received :
-sales forecast (sales department)
-inventory status (storekeeping)
-engineering specs (engineering department)

Document Released:
-Purchase Requisition
-Bill of Material
-Route Sheet
-Work Order
-Move Ticket
-Material Requisition

ii) Store keeping

*No Document Released
Document Received :
-Excess Material
-Material Return
-Material Requisition

iii) Work Centers

Document Released:
-Move Ticket
-Material Requisition
-Job Time Ticket
-Payroll Time Card
-Production Schedule

Document Received:
-Move Ticket
-Work Order
-Material Requisition
-Production Schedule
*all from Production, Planning and Control

iv) Inventory Control

Document Released:
-Inventory Status
-Journal Voucher

Document Received:
-Excess Material
-Material Return
-Material Requisition
* 3 from Store Keeping

Task 2: Briefly explain documents that are used in conversion cycle

Answer:
1)PRODUCTION SCHEDULE
It is a formal plan and authorization to start the production.

2)BILL OF MATERIALS
It specifies the types and quantities of the raw material (RM) and subassemblies used in producing a single unit of finished product.

3)ROUTE SHEET
It Shows the production path that a particular batch of product follows during manufacturing. It is similar conceptually to a Bill of Material (BOM).

4)WORK ORDER

Draws from BOMs and route sheets to specify the materials and production (machining, assembly, and so on) for each batch.

5)MOVE TICKET
Records work done in each work center and authorizes the movement of the job or batch from one work center to the next.

6)MATERIAL REQUISITIONS
Authorizes the storekeeper to release materials (and subassemblies) to individuals or work centers in the production process.

Task 4: Internal Control Task 4 COSO

-IT Control
-Physical Control

Task 5 : What is Lean Manufacturing?

a) Lean Manufacturing
-Comes from Toyota Production System (TPS).
-Fulfill customer varies choice in short time.
-Eliminate waste systematically
type of waste:
-Muri(created through overburden)
-Mura (unevenness in work loads)

b)Technology Used

i) Just In Time (JIT)
-A just-in-time production approach is dynamic and reactive to customer and floor demands.
ii) Kaizen Method
iii) Activity Based Costing

# data[].attributes.body
1) List down the department that involved in conversion cycle

1. Production planning and control
2. Work center
3. Store keeping
4. Inventory control
5. Cost accounting
6. General ledger

(2) List all of documents used in Conversion Cycle:

1)Production schedule is the formal plan and authorization to begin production.
2) Bill of materials specifies the type and quantity of RM and subassemblies used for each unit  of a finished product
3) Route sheet shows the production path that a particular batch follows during manufacturing
4)Work order uses the BOM and route sheets to specify  the materials and production for each batch.
5)Move ticket records work done in each work center and authorizes movement from one center to another
6)A materials requisition authorizes storekeeper to release materials into the production process.
7) Purchase Requisition
- Document that authorizes a purchase transaction.

(3) Physical Control Procedures

1. Transaction authorization
- Used to ensure that employees are carrying out only authorized transactions.
2. Segregation of Duties
- Separate the tasks of transaction authorization and transaction processing.
- Segregate record keeping from asset custody.
3. Supervision
- Oversee the usage of RM in the production process.
- Observe and review timekeeping activities.
4. Access Control
(i) Direct access:
(ii) Indirect Access:
5. Accounting Records
- Establish an audit trail for each transaction.
6. Independent Verification
- Cost accounting function reconciles all cost of production.

(4)Lean Manufacturing

(a) Description
- Evolved from Toyota Production System (TPS), which based on the just-in-time (JIT) production model.

(b) Goals
- Improved efficiency and effectiveness in every area (product design, supplier interaction, factory operations, employee management, and customer relations)

(c) Principles
- Pull processing
- Perfect Quality
- Waste Minimization
- Inventory Reduction
- Production Flexibility
- Established Supplier Relations
- Team Attitude

(d) Technologies
- Computer-Integrated Manufacturing (CIM)
- Automated Storage and Retrieval System (AS/RS)
- Robotics
- Computer-Aided Design (CAD)
- Computer-Aided Manufacturing (CAM)

(e) Tools
- Just-in-time (JIT)
- Enterprise Resource Planning (ERP)
- Material Requirement Planning (MRP)