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Factory Accounting

Factory Accounting


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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. 1917 Excerpt: ...finding. As in the case of material, labor required for the production of a certain order number is charged to that order number at pay-roll cost. Thus, if a certain order number requires the attention of a skilled mechanic receiving $4.50 for an eight-hour day and the services of an assistant at $2.00 per day, each for four hours, the job is charged $2.25 for the skilled labor and $1.00 for the services of the assistant. In other words, the job is charged at cost for what it gets. For its proper operation the specific order system requires continuous employment, as otherwise idle time must be provided for. Where idle time is unavoidable, it is distributed as part of the expense overhead within the individual department. Under the specific order plan of cost finding, expense is charged to each separate order number in equitable proportion. The proportion may be determined by any of the methods for expense diffusion discussed in Chapter XVII, though for general purposes the manhour method will be found the most accurate and satisfactory; or where machines are largely used, the machine-hour plan of expense distribution may be employed so far as machine work is concerned. In the application of the specific order plan of cost finding, other plans may be utilized in part or even in whole. Thus in one department the machine-hour will perhaps be employed; in another department the soldhour plan; and in another department the list percentage or standard cost plan. Such diversity of plans in one establishment is but seldom found, but the use of two plans of more or less distinctive characteristics in a single establishment is frequent. On the other hand, a single plan might be employed, as for instance, the machine-hour plan; for, broadly defined, the specific order...


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Product Details
  • ISBN-13: 9781152902039
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 76
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1152902032
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 154 gr


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