Document Type
Article
Publication Date
1921
Abstract
The purpose of this publication is to indicate sound cost principles upon which reliable data may be compiled which may be used in the determination of a fair selling price. There is practically no published material dealing with live stock accounting. Very little reliable information on live stock production costs has been published. Differences of opinion exist as to the cost of cattle produced on the range, between the feeders who purchase western cattle and finish them for the market, the general public, and the cattle raiser, himself. The cattle raiser is inclined to believe that it is impossible to obtain reliable cattle costs. He is led to believe that the very nature of the industry precludes the securing of sound costs. As a matter of fact, those who have made a careful study of the business side of cattle raising know that sound costs may be obtained through the application of the same general accounting principles as are used in the determination of manufacturing costs in other lines of commerce or industry. While it is true that the live stock industry has its own peculiar problems, these problems are not more intricate than those which are encountered in many other industries. The accounting methods which are followed in determining the cost of producing a calf are no more intricate and not essentially different from those employed in securing similar information in regard to a plow or a locomotive.
Relational Format
pamphlet
Series Title
Official Publications of the National Association of Cost Accountants, 1921 (April), Vol. II, no. 11
Recommended Citation
Newman, E. D., "Cattle costs" (1921). Publications of Accounting Associations, Societies, and Institutes. 113.
https://egrove.olemiss.edu/acct_inst/113