Manufacturing measures

Quantity ordered and quantity completed — the output targets on work orders dated in the period, and the output actually received into stock, in the output product's stocking unit. Yield % is completed divided by ordered.
Material cost — the value of material issued to production, each issue at its moving-average cost at the moment of issue.
Output value — what was received, valued at each order's standard cost, frozen on the order.
Variance — material cost less output value; positive is unfavourable (you consumed more than the standard says the output is worth). Read it on completed orders for a verdict; on open orders the same arithmetic still contains work in progress.
WIP value — a position: material issued less output received, over the orders currently released and in production. The value tied up on the floor, right now.
Open work orders — a position count of those same released orders.
Consumed quantity and cost — the component view: what actually went into production, line by line, in each component's stocking unit and at issue-time cost.
Two honest gaps. There is no scrap measure: the system records a scrap allowance in the bill of materials, but no actual scrap quantities, so nothing is estimated to fill the space. And there are no labour or machine hours in these measures, because the work order captures materials; the variance above is a materials variance and calls itself nothing grander.