Excerpt from Manufacturing Cost The fact that this subdivision Of labor produced bet ter results than the Old system Of individual production was, of course, soon observed. Analysis of the situation showed these earlier manufacturers why it was that cost of production was reduced by the Operation of this plan, and the tendency to still further subdivide and specialize labor was increased with great rapidity until at this time it very frequently occurs that a process of nianufacture embodying twenty or more separate operations employs a separate workman to perform each operation. 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.

Excerpt from How to Find Manufacturing Costs and Selling Costs N ow there are few manufacturers who do not figure out their costs, and while the information contained in this work is not to be considered final, it is the outcome of experience gained in the cost accounting departments of many different concerns. The subject naturally divides itself into two parts, Manufacturing cost and Selling cost, the first having to do only with the manufacture of goods, the second with their sale. 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.

Excerpt from Manufacturing Costs and Accounts While many excellent treatises exist on Cost Accounting, there is none, as far as I know, that can be placed in the hands Of a student for the purpose of gradually introducing him to the underlying principles on which manufacturing accounting of all 'kinds must rest. 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.

Excerpt from Does Product Design Really Determine: 80% Of Manufacturing Cost? Many design researchers and practitioners motivate their work with the claim that 80% of the eventual manufacturing cost of a product is determined by the product design. The meaning of this assertion has not been well defined, nor has much empirical evidence been presented to support it This paper addresses the question of how much product design influences the manufacturing cost of a product. In doing so. we define the research question formally, we develop a methodology for answering the question, and we provide a specific answer, under a particular set of assumptions, for a class of high-volume. electromechanical consumer products - automatic drip coffee makers. Our methodology includes product archaeology, the use of the product artifact as a source of data, and manufacturing cost modeling. We find that for coffee makers, the variation in manufacturing costs attributable to differences in product design is slightly smaller in magnitude than the variation in costs attributable to differences in manufacturing systems, for a specific range of assumed manufacturing system parameters. 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.

Excerpt from How to Find Factory Costs The Federal Trade Commission has called attention to the fact that less than 20 per cent of the business concerns in this country have a cost system, and that a large proportion of the many failures recorded every year are due to the absence of an accurate knowledge of what it costs to manufacture and sell. The Commission is urging every business man to take this first step in the development of that primary effectiveness by means of which this country can alone be brought to an appropriate degree of industrial preparedness. Realizing that the very large majority of our industrial concerns consists of small plants unable to afford the kind of expert assistance which the larger concerns have drawn on for the development of their cost systems, the publishers of factory and system have from time to time presented articles showing how simple cost systems have been and may be developed. These articles have usually shown applications to special lines of business, and, on account of this fact and the limitations of space, they have not individually been able to handle the subject in comprehensive detail. In preparing How to Find Factory Costs the services of a competent expert have therefore been enlisted to outline briefly and clearly the elements of a good cost system, in such a way that it can be understood and applied by the average manager and the average accountant of the average small plant, without in the least sacrificing that degree of thoroughness and accuracy vital to the success of any cost system. The book is planned to be broad enough to apply to all kinds ofindustries. It is intended to be detailed enough to be useful to the accountant, and at the same time to include the rela tion of cost statistics to the entire effectiveness of operation, so as to be most useful to the factory head. The author, C. Bertrand Thompson, was selected on account of his experience in the development of cost and efficiency systems in a wide variety of industries, including machine shops, electrical specialties, shoe factories, book binderies, printing plants, and box factories. In addition to this experience, his record as a teacher of factory management at Harvard University, and as a writer on this and other subjects for factory, system, and other magazines, proves him capable of conveying his practical knowledge to others in a form both instructive and interesting. 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.

Excerpt from Fundamentals of a Cost System for Manufacturers, July 1, 1916 It is necessary to-day for the business man's success that he know on what articles he is making a profit and on what he loss. Competitive conditions are seriously disturbed on one or more articles are recovered by profits on other articles. It is obvious that a manufacturer should not only know the cost of each article he manufactures but that he should see that every arti'cle manufactured bears its proper share of factory and general overhead. Most manufacturing plants have grown to a size which renders personal supervision impossible. The only reliable way, therefore, by which an executive can judge of the efficiency of an organization is through a system of periodical statistical reports. These reports can only be accurately obtained when a good cost system is in operation. 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.