Document Type
Article
Publication Date
1917
Abstract
An examination of the cost accounting systems of the members of the American Malleable Castings Association shows that a variety of widely different methods are used to ascertain the cost of producing castings. This is particularly true in the matter of determining the cost to produce different patterns of castings or the cost to produce the work for a given customer. Cost classifications of all conceivable arrangements are followed while hardly any two companies treat the same elements of cost in a like manner. Important and appreciably large items of cost are even overlooked entirely by some of the companies. The result is extremely wide differences in costs which are not true cost differences but differences, to a very large extent, due to variations in methods of ascertaining costs. It is a condition that is adverse to sound trade relations and to the best interests and welfare of the industry. Original item in Boxno. 0409
Relational Format
pamphlet
Recommended Citation
Belt, Robert E. and American Malleable Castings Association, "Fundamental principles for determining the cost of producing malleable iron castings; Uniform cost accounting methods" (1917). Publications of Accounting Associations, Societies, and Institutes. 108.
https://egrove.olemiss.edu/acct_inst/108