Question: The final step in the production process is order completion. Which of the following are true with regards to the completion step: (2 correct answers)

The final step in the production process is order completion. Which of the following are true with regards to the completion step: (2 correct answers) From an accounting perspective after a production order has been completed and settled it is set to a status of closed (CLSD). After the order is closed not further processing or financial posting are possible. Upon order completion all staff are laid off. From a logistics perspective a production order is set to a technically complete (TECO) status when it is no longer necessary or possible to continue with production Upon order completion no reports can be run. Once the order is completed the planned amount of material is scrapped

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