Document Type
Article
Publication Date
1922
Abstract
During the past three or four years hosiery manufacturers with an effective cost system have had many occasions to rejoice. With the excessive fluctuations of materials and supplies, labor and overhead, and high taxes, it is small wonder that many mills have gone bankrupt. Without a cost system it was next to impossible to determine a financial condition without a general inventory, and even then, in many cases, it was too late to recover. And now when conditions are gradually getting back to normal, competition becoming keener, and buyers demanding honest quality, there is all the more reason why a manufacturer requires an effective cost system. This article deals with the cost methods in a hosiery mill employing 1,200 operatives, having a daily capacity of 4,000 dozen pairs, making twenty different styles of seamless hosiery of pure silk, fibre silk and cotton, and a combination of these materials.
Relational Format
pamphlet
Series Title
Official Publications of the National Association of Cost Accountants, 1922 (Sept.), Vol. IV, no. 1
Recommended Citation
Evers, W. F., "Cost methods in a hosiery mill" (1922). Publications of Accounting Associations, Societies, and Institutes. 123.
https://egrove.olemiss.edu/acct_inst/123