Description
Excerpt from Problems in Cost Accounting
The raw material consumed added to the labor costs, are said to give the prime cost of manufacturing.
In addition to the foregoing items Of expense there are many fac tory or overhead charges which must be met. Careful records of these general factory expenses must be kept and a proper proportionate share must be attributed to each department. The overhead added to the prime cost gives the total cost of manufacture. By adding a further selling cost or commercial burden, the total cost to produce the com modity (to manufacture and sell it) is Obtained. The difference between the selling price and these total costs is the profit made by the concern. The cost accountant seeks to systematize the various cost records so that they may be kept accurately for a given business and so that they will form the basis for efficient and economical organization Of the factory, to the end that costs may be kept as low as possible.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The raw material consumed added to the labor costs, are said to give the prime cost of manufacturing.
In addition to the foregoing items Of expense there are many fac tory or overhead charges which must be met. Careful records of these general factory expenses must be kept and a proper proportionate share must be attributed to each department. The overhead added to the prime cost gives the total cost of manufacture. By adding a further selling cost or commercial burden, the total cost to produce the com modity (to manufacture and sell it) is Obtained. The difference between the selling price and these total costs is the profit made by the concern. The cost accountant seeks to systematize the various cost records so that they may be kept accurately for a given business and so that they will form the basis for efficient and economical organization Of the factory, to the end that costs may be kept as low as possible.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Details
Publisher - Forgotten Books
Language - English
Hardback
Contributors
Author
Dewitt Carl Eggleston
Published Date -
ISBN - 9780331874013
Dimensions - 22.9 x 15.2 x 2.0 cm
Page Count - 367
Paperback
Contributors
Author
Dewitt Carl Eggleston
Published Date -
ISBN - 9781330310854
Dimensions - 22.9 x 15.2 x 2.0 cm
Page Count - 369
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