Items related to The ABC of Cost Engineering

The ABC of Cost Engineering - Softcover

Robert S. Denham

 
9781330130032: The ABC of Cost Engineering

Synopsis

This book is an impassioned defense of a new method for determining the cost of production in manufacturing. In the early 20th century, the author argues, American businesses were plagued by inaccurate and inconsistent cost accounting systems, leading to a widespread lack of understanding about the true expenses involved in making and selling products. The author criticizes traditional cost accounting approaches, particularly the use of €œoverhead expenses,€ which he describes as a catch-all for items that accountants don€™t know how to charge properly. He champions a new method, called €œCost Engineering,€ which relies on detailed analysis and the accurate allocation of expenses to specific production processes. The author provides a clear and persuasive case for the use of Cost Engineering, highlighting its ability to eliminate guesswork and uncertainty from pricing decisions. This book offers a fascinating glimpse into the evolution of business practices and the struggle to make cost accounting a more scientific discipline.

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