Document Type
Article
Publication Date
1920
Abstract
Although a period of six years has elapsed since the Mill-work Cost Information Bureau introduced uniform cost accounting to the industry, nevertheless, cost accounting, among the trade generally, is still somewhat of: a dark science. Usually when concerns not associated with this Bureau, are approached on the subject of costs, they profess to operate excellent cost finding systems, it is only in rare instances that a millman will admit that his cost-procedure is faulty, and most emphatically, not hazardous, still in the majority of cases, an examination of their methods reveals the fact that these same systems are in direct violation of the fundamental principles on which equitable cost results depend.Every authority on costs will agree that burden is the most elusive factor of cost, not only as concerns its derivation but its application as well; and the final costs of a cost system that is most scientifically devised in all other respects, will be found sadly wanting if burden is applied incorrectly, i. e., if the unit of measure for burden is basically wrong.
Relational Format
article
Series Title
Sash-Door-Finish, 1920 (September)
Recommended Citation
Millwork Cost Information Bureau, "Are you applying burden properly?" (1920). Individual and Corporate Publications. 142.
https://egrove.olemiss.edu/acct_corp/142