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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... cost-finding systems in use, therefore, are compromises which give approximate costs only. A number of these approximate methods are in wide use and it may be helpful to discuss briefly the characteristics and limitations of the most important ones. It will be understood also that the present discussion refers to the distribution of factory or manufacturing expense, the distribution of general expense being treated separately later on. The basic principle of all of these methods is to use some tangible element in the job as a basis of comparison by which to measure the indirect expense which should be charged against it. It will be remembered that direct material and direct labor are tangible elements that attach themselves to all jobs in a direct and measurable fashion. The time expended upon a job is also an element that can be determined accurately, whether it be the time of the workman himself or the time of a machine which has been used. Practically all systems of expense distribution assume that one or more of these tangible elements will form a measure of the proportionate amount of expense that the job should bear. The most important of these systems, which will be briefly discussed, are: -(1) 'Distribution by percentage on material cost (2) Distribution by percentage on labor cost (3) Distribution by percentage on prime cost (4) Distribution by percentage on man-hours (5) Distribution by machine rates. For simplicity, it will be assumed at present that these systems are applicable to the distribution of the factory expense as a whole; the limitations to this supposition will be discussed later. A more advanced and more accurate Inethod known as distribution by production factors deserves special attention and will receive...
| ISBN-13 | 9781152006683 |
|---|---|
| ISBN-10 | 1152006681 |
| Weight | 0.45 Pounds |
| Dimensions | 9.00 x 6.00 x 0.31 In |
| List Price | $19.99 |
| Format | Paperback |
|---|---|
| Pages | 132 pages |
| Publisher | |
| Published On | 2010-01-01 |
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