Measuring Efficiency in Manufacturing on a Basis of Profit (Classic Reprint)
Excerpt from Measuring Efficiency in Manufacturing on a Basis of Profit The term results as used in connection with business is syn onymous with gain. The efficiency of a business or industrial enterprise is rated in proportion to the percentage of profit earned. In the application of the term efficiency to the management of a business or an industrial enterprise, it becomes what might be called relative or comparative efficiency; that is, the work of an operative or a machine is efficient to a degree, as compared with an established standard or ideal of production. Both the engineer and the accountant in their work of meas uring and recording production, attempt to measure and record efficiency, but the methods which they employ do not give accu rate and complete results. The subject of cost accountancy has received during recent years a great deal of attention in all branches of industrial enterprise. The determination of hour cost has been the object of the accountant. Hour cost without a means of measuring and recording production still retains the element of guess-work in that the product per hour has to be estimated. 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.
- Paperback | 24 pages
- 152 x 229 x 1mm | 45g
- 21 Apr 2018
- Forgotten Books
- Illustrations, black and white