Book Description

Excerpt from Foundry Cost Accounting, Practice and Procedure Several excellent books have been written within the past ten years on the subject of cost accounting; and while the principles have been set forth more or less clearly and may be said to be of general application, yet the cost accountant with limited experience ordinarily has difficulty in applying them to a particular industry. There arc many industries that are peculiarly different and where it is difficult and sometimes impracticable to apply the conventional cost accounting principles and procedure. This is particularly true in the foundry industry. In this volume, therefore, the aim has been:- (1) To set forth in a simple and direct manner, for the guidance of the foundry cost accountant, practical principles of accounting that are applicable to the foundry industry, and to show methods of collecting the cost data and of accurately determining production costs. (2) To impress upon the executive and the management the importance of an accurate knowledge of costs and the dangers of a price policy that is not founded on production costs. No attempt has been made to present all that might be said on the subject of foundry costs. On the contrary, the aim has been, while omitting no essential details, to be brief and concise and to reduce to a minimum the descriptio essential to a clear presentation of the principles. Every principle of cost accounting set forth herein is not only applicable to foundry practice but is being used in a thoroughly practicable manner and is giving satisfactory results. It is not claimed that the procedure outlined is exactly suitable to all foundries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.