The Cost of Production: The Principles of the Science of Costs

Burt Clifford Bean

ISBN 10: 1330039629 / ISBN 13: 9781330039625

Published by Forgotten Books, 2017

About this Item

Print on Demand. This book provides a detailed and practical guide to the science of industrial cost accounting, a field that has seen significant growth in recent decades due to increased competition and the rise of large corporations. The author, an experienced cost expert, covers all the essential elements of cost accounting, including material, labor, burden, and selling expense, and explains how to accurately determine the cost of production for any manufactured product. The book also includes numerous illustrative cost systems and case studies, making it an invaluable resource for accountants, manufacturers, and anyone else interested in understanding and implementing effective cost accounting systems. The author's clear and concise writing style, coupled with the comprehensive coverage of the subject matter, makes this book an essential addition to the library of any business professional. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

Seller Inventory # 9781330039625_0

Bibliographic Details

• Title: The Cost of Production: The Principles of the Science of Costs
• Publisher: Forgotten Books
• Publication Date: 2017
• Language: English
• ISBN 10: 1330039629
• ISBN 13: 9781330039625
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Business

About this title

Synopsis

A clear, practical cost system for measuring what a factory spends. It gives you actionable cost data without complex balance ledgers.

This guide presents a simple, complete method to track material, labor, manufacturing supplies, and general expenses. It shows how to keep a perpetual cost account and how changes in production or market conditions affect total costs.

Key features you’ll learn about include a five‑main‑account structure, the use of detail cards and material summaries, and a clear path from shop floor data to cost department records. It explains how to compute costs for parts, whole machines, and even individual heats in a foundry, with practical steps for applying the principles to your own products.

• How material, labor, and overhead contribute to total production cost
• Using detail cards, material summaries, and cost summaries to organize data
• Keeping a perpetual cost account with changes recorded as they occur
• No profits included in the cost calculations, focusing on true production expenses

Ideal for managers and foremen seeking to reduce waste, identify inefficiencies, and improve cost control across the factory.