How to Find Factory Costs

How to Find Factory Costs

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...for such items as these should be distributed to the machines in the departments served. Heat, general lighting, and ventilation are generally charged in proportion to the area occupied by the production center, and usually this same basis is also good for the cost of fixed transportation equipment, although, where greater refinement is desired, such equipment may be charged exclusively to the machines served by it. MACHINE COST AS AN ELEMENT IN THE MACHINE HOUR RATE The specific machine cost, as an element of the machine hour rate, includes those expenses which arise out of, and are directly attributable to, the production center, machine, or work-place itself. This comprises charges on the investment, such as interest and royalties (when these are included in factory cost), taxes, insurance and depreciation. In addition there are the charges incidental to operating the machine, including power and special lighting, determined by measurement; supplies, taken from requisitions on stores; and maintenance, including cleaning and oiling, taken from purchase orders for parts or work secured outside, and from requisitions for materials and job cards for work done by the permanent force. The annual investment charges are easily calculated from the purchase price of the machine, while the operating charges are the subject of estimate checked by experience. TWO GOOD METHODS OF DISTRIBUTING THE ADMINISTRATIVE EXPENSE The administrative cost factor in the machine hour rate includes the cost of administration and the auxiliary expense incidental to running the factory, and covers the salaries of administrative officers, foremen, storekeepers, move-men, truckers, inspectors, accountants, clerks, and the like. To these figures should also be added the cost of...show more

Product details

  • Paperback | 42 pages
  • 189 x 246 x 2mm | 95g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 123654188X
  • 9781236541888