Multiple Cost Accounts
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Multiple Cost Accounts

Multiple Cost Accounts


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906 Excerpt: ...year to meet the factory charges and expenses. Some authors have favoured the allocation on labour only, and productive labour only, and this view is apparently based on the theories of the political economy of a past generation, which forbade any accretion of wealth except by the use of labour only. No doubt as an axiom, which depends for its application on the relation back of all matters to a primitive condition, this may be true, but in a set of Cost Accounts we have to deal with the exact conditions existing in the particular businesses dealt with. One manufacturer may, and does, buy his material in a raw, or more or less finished, stage, according to his capital and conditions of the organisation of his business; another may supply his factory with coal from his own collieries, iron from his mines, pig iron from his blast furnaces, and so on ad infinitum, and the cost of the raw material in one case includes the profit of the distributor and not in the other. The matter is not one of principle, but of conditions. What is required is an actuarial calculation, as in the case of a life insurance company, to find the basis on which a loading can be fixed which, multiplied by the unit of production, will amount to the aggregate sum required. There is, perhaps, no more important matter in connection with costing than the allocation of indirect expenses, or what is classified in this volume as "Factory Charges." Where a fluctuating output exists in a variety of products, any of which may, and does, often aggregate to a higher proportion of the total output than is anticipated, it is bound to throw an untrue loading aggregate at the end of the year. Changes in the character of the factory production are of constant occurrence, are far-reaching in th...


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Product Details
  • ISBN-13: 9781130751321
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1130751325
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr


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