Mastering factory costs with proven methods and practical guidance.
This reference work lays out the principles and methods of modern cost accounting for managers, public accountants, and production leaders. Drawing on decades of real-world experience, the author shares forms, systems, and ideas that help organizations find production costs, reduce expenses, and improve efficiency.
This edition explains how cost systems fit into a factory, how to organize records, and how to apply cost data to decision making. It emphasizes non-technical language while covering a wide range of cost-finding practices, from material and labor costs to the distribution of overhead and depreciation. The book is structured to serve both new readers and seasoned professionals seeking reliable, field-tested approaches.
- Foundational concepts of cost accounting and the role of cost systems
- Practical forms and procedures for recording and analyzing costs
- Guidance on applying costs across materials, labor, and overhead
- Strategies for installing and adapting cost systems in real factories
Ideal for readers of professional cost accounting, factory management, and production control, this edition offers clear guidance you can implement in today's production environments.