File:Manufacturing costs and accounts (1917) (14801620633).jpg

Identifier: cu31924013825413 (find matches)
Title: Manufacturing costs and accounts
Year: 1917 (1910s)
Authors: Church, A. Hamilton (Alexander Hamilton), 1866-1936
Subjects: Manufactures Cost accounting
Publisher: New York, McGraw-Hill book company, inc. (etc., etc.)
Contributing Library: Cornell University Library
Digitizing Sponsor: MSN

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Text Appearing Before Image:
e different stepscan be followed out by the readeron the general diagram of Method A, Fig. 67. All the credits madeto the main accounts on the leftare now represented by amountsstanding to the debit of Depart-mental Manufacturing accountsand to Material in Process account.The detaU of these debits is con-tained in various Production OrderCost Sheets and Production OrderMaterial Sheets. It follows thatwhen an order has passed throughall departments and has been com-pleted, the finished factory cost ofsuch an order is readily found bycollecting together the Depart-mental and the Material CostSheets pertaining to it. The processof crediting Manufacturing ac-counts and Material in Processaccounts will, however, be left to alater chapter, as it is independentof the method of costing and is thesame for all methods whether A, B, or C. Order Register.—A variety ofOrder Register specially suitablefor Method A is shown in Fig. 80.If Time Records are posted dailyto Cost Sheets, and extended at
Text Appearing After Image:
Fig. 67.—General diagram (Method A). (.Facing Page 310.) COSTING ON METHOD A 311 the previous months rate, then, if the strip-ticket system of Pro-duction Orders, Fig. 60, is employed, departmental cost may befigured and entered as fast as the strips are returned from thevarious departments. In this way the Order Register becomes atracer, and the stage which any order has reached may be seenby inspection of the register. If desired, the actual costing oper-ation may be deferred till the month end, when the true currentdepartmental hour cost is known. In that case a simple checkmark may be placed in the hours column of each department aseach strip ticket is returned, thus preserving the tracer featureof the blank, and postponing its cost record function till theend of the month. Spoiled Work.—It will have been noticed that the Depart-mental Manufacturing Jomrnal, Fig. 78, contains a columnheaded Spoiled Work. This is to contain the cost of supple-mentary orders issued to replace sp

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