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: ...results generally. There is no part of office organisation which is so significant of the vast change from the methods of the past to the methods of to-day as the system known as Cost Accounts. Even a few years since, such a term had little or no signification in the mind of the average Manufacturer or Manager, and ...
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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. 1906 Excerpt: ...results generally. There is no part of office organisation which is so significant of the vast change from the methods of the past to the methods of to-day as the system known as Cost Accounts. Even a few years since, such a term had little or no signification in the mind of the average Manufacturer or Manager, and businesses may still be found in all parts of the country where the words will be known, but will convey only a very hazy notion of what is meant by such a system when manipulated by a smart Manager or Accountant. The term " Cost Accounts " is applied to a system which enables a Manager to tell almost precisely what it has cost him to carry out every contract he has undertaken: what it has cost him to produce and sell every article or piece of machinery which his Factory or Works has turned out. It will be seen from the wording of the last sentence that this system does not stop at providing information as to the direct expenditure in production in the Works, which is an expenditure known as " Prime Cost," and which is, of course, highly necessary and useful information. "Prime Cost" alone gives comparatively useless information--information which, like "a little knowledge, is a dangerous thing." The old school of contractors and manufacturers had a sort of rule-of-thumb method of arriving at Prime Cost which was mainly composed of a little experience mixed with a considerable amount of guesswork, and requiring, to be palatable, to be spiced with more than a soupgon of good luck, the whole to be taken in the absence of brisk competition. The importance of an efficient system of Cost Accounts cannot be magnified in the eyes of an experienced Manager conducting a manufacturing business. His commercial books m...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
