Document Type
Article
Publication Date
1916
Abstract
Mr. Mixter in his address to our Annual Convention tore the veil of mystery from cost operations in the factory and placed before us with remarkable clearness the way to make a cost system our servant for efficiency and profit. Too often to our loss and detriment have we viewed "Cost Systems" as clerical operations for the gathering of records and statistics, but he has shown that only by arranging each factory department in an orderly manner and with a reasonable amount of record keeping can the best results be obtained. In these days of rapidly fluctuating material costs and changing overhead expenses, neither the running of test quantities nor the annual inventory can be relied on to measure profit or loss, we must know all the time whether we are gaining or losing on every article we produce. Mr. Mixter's ripe experience, gained in managing the plants of Deere & Co., equips him to speak with unquestioned authority on this subject, and the association acknowledges its obligation to him for this valuable contribution to the helpful knowledge it seeks to impart to its members.
Relational Format
pamphlet
Recommended Citation
Mixter, G. W., "Cost systems -- operating value" (1916). Publications of Accounting Associations, Societies, and Institutes. 82.
https://egrove.olemiss.edu/acct_inst/82