Production Factors

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Excerpt from Production Factors: In Cost Accounting and Works Management Mr. Churche's study of the Distribution of Expense Burden in manufacturing establishments, especially machine-tool using and machine-building plants, is widely known as one of the very important contributions to exact knowledge of costs of production. His first contribution to take authoritative rank and permanent standing in the literature of the subject appeared serially in The Engineering Magazine from July to December, 1901, and as reissued in book form has become standard in libraries of works management and industrial engineering. In the discussion now presented (which also was first presented as a series of articles in The Engineering Magazine running from October, 1909, to April, 1910), he extends the idea of accurate allocation of costs much further. He proposes, indeed, a new way of looking at the whole problem of manufacturing expense. His purpose is to avoid the averagings and approximations of a mixed expense account, now commonly in use, by recognizing from the very outset all the important "factors" in production, and segregating continuously the charges belonging to each. Many such factors can be recognized, he maintains, quite as distinct and determinable as the wages factor, and reducible to unit values which may be applied directly to the product they serve. The demonstration is thorough, practical, concrete enough to enable the cost accountant or manager to apply it to his own case, yet not lacking in the broad statement of. principle that applies to all cases. It will be followed with interest by all who are associated with the investigation of the real facts of production costs. 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.