The Costing Problem (Classic Reprint)

Edward T. Elbourne

ISBN 10: 1332117066 / ISBN 13: 9781332117062

Published by Forgotten Books, 2018

About this Item

Print on Demand. This book tackles issues around cost accounting that came to prominence after the Great War, shedding light on the concept as it relates to manufacturing and industrial practices. The author emphasizes the role of costing as an evaluative tool for greater efficiency, in addition to its significance in matters such as arriving at fair wages for workers and determining prices of goods in the market. The book highlights the transition in understanding cost accounting as not just restricted to profit and loss, but as an essential element in optimizing production and labor coordination. By establishing a comprehensive system of factory accounts and recognizing the role of factory accounting beyond financial accounting, the author presents innovative ideas and emphasizes the importance of cooperation between engineers and accountants to enhance industrial progress. 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 # 9781332117062_0

Bibliographic Details

• Title: The Costing Problem (Classic Reprint)
• Publisher: Forgotten Books
• Publication Date: 2018
• Language: English
• ISBN 10: 1332117066
• ISBN 13: 9781332117062
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Business

About this title

Synopsis

Understand the true cost of making things—and how to use that knowledge to run a safer, more efficient factory.

This book explains factory costing from the ground up, showing how to allocate expenses so you can see where every cost comes from and how it affects unit prices and profits.

Written for managers, engineers, and practitioners, it emphasizes practical methods, the role of labor in cost, and the need for reliable, consistent records. It covers different uses of costs—industrial, technical, commercial, and financial—and explains why a clear costing system helps improve production efficiency and pricing decisions.

• How to separate prime costs from overhead and apply oncosts without distorting results
• Approaches to approximating costs when exact data isn’t available, with attention to machine versus hand work
• Techniques for valuing stock and work in progress to avoid obsolescence and overstatement
• Guidance on involving labor in cost discussions and aligning costs with management goals

Ideal for readers seeking a solid, field-tested approach to factory accounting and cost control.