Document Type
Article
Publication Date
1912
Abstract
How can the man making cloaks reduce his expenses, reduce his costs? This is the practical question. If a cost system does not help him to do this it is no good, time and money are wasted keeping it up. In order to find out where money can be saved, we divide all expenses under three general divisions: Materials, Labor, Charges. But it is important to know whether as to all garments which item costs most, materials or labor or charges. In the cloak business the chief item of expense is materials not labor or charges, and usually materials constitute two-thirds and upwards of the total cost. Five per cent saving on materials would, therefore effect a greater saving than 10 per cent reduction of labor expense.
Relational Format
article
Recommended Citation
Frankel, Philip; National Cloak, Suit, & Skirt Manufacturers' Association. Welfare Committee; and Black, Morris A., "Cost finding in the cloak and suit industry" (1912). Individual and Corporate Publications. 43.
https://egrove.olemiss.edu/acct_corp/43