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Milk Production Cost Accounts; Principles and Methods

Milk Production Cost Accounts; Principles and Methods


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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.1916 Excerpt: ... CHAPTER II THE COST OF FEED The largest and most important item of cost is the feed. This varies greatly with different cows and with different methods of feeding. The kinds of feed used, the amounts consumed, and the cost have a marked influence on the total cost of producing milk. One of the first questions met with is whether feed should be charged at cost of production or at market price, the market price, of course, being considered as the price at which it could be purchased. There is considerable difference of opinion as to which cost should be used. Hawkinsl in discussing this from the factory standpoint sums up his conclusions as follows: "The advocates of cost price claim that by means of it they show the actual cost of manufacture and not what might have been the cost, and that it does not interfere with the balancing of the stores accounts in money value. Those who uphold market price claim that it furnishes a sounder basis for estimating and for competitive purposes by dealing with actual value rather than with former value, and that it rightly causes the effect of fluctuations to be seen in the stores accounts rather than in the job accounts, so that profits or losses due to chance or speculation are distinguished, as they should be, from ordinary trading results." In the production of milk it is a question whether the cost of producing the feeds on the farm or the price they could be sold for on the market should form the basis of cost calculation. Unless the latter is used as the basis, the dairy cost accounts may be lost in the profits or losses in the farm operations. If the cost of production price is assumed a difference in cost of milk production may be more influenced by the cost of production of the feeds than any other factor, and be...


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Product Details
  • ISBN-13: 9781151563392
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 22
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1151563390
  • Publisher Date: 07 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 59 gr

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