Industrial Cost-Finding, Vol. 10: Factory Management Course (Classic Reprint)

Nicholas Thiel Ficker

ISBN 10: 1527925501 / ISBN 13: 9781527925502

Published by Forgotten Books, 2018

About this Item

Print on Demand. This book provides a foundation for industrial cost finding and accounting. Its focus is on the importance of a scientific approach to determining accurate production costs in manufacturing plants. The author argues that many manufacturers are operating blindly, relying on guesswork rather than precise data. This book aims to change that by establishing fundamental principles and best practices for cost accounting and plant operation. The author presents a comprehensive system for classifying plant accounts and expenses, emphasizing the need for detailed analysis to optimize efficiency and reduce waste. The book also delves into the economics of cost accounting, highlighting the substantial financial benefits of implementing effective cost-finding methods. The insights offered in this book are essential for manufacturers seeking to gain a competitive edge in today's dynamic marketplace. By empowering businesses with the knowledge and tools to accurately determine their production costs, the author helps them make informed decisions, optimize operations, and ultimately increase profitability. 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 # 9781527925502_0

Bibliographic Details

• Title: Industrial Cost-Finding, Vol. 10: Factory Management Course (Classic Reprint)
• Publisher: Forgotten Books
• Publication Date: 2018
• Language: English
• ISBN 10: 1527925501
• ISBN 13: 9781527925502
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Business

About this title

Synopsis

Master factory cost control starts with real cost finding, not simple bookkeeping. This volume introduces how to collect and analyze manufacturing data to reveal true cost and waste, helping managers make smarter, more profitable decisions. It explains why cost accounting is only part of cost finding and shows how to apply practical methods to real factory situations.

The book frames cost management as an integrated system, not a set of isolated numbers. It guides readers through the essentials of classifying plant accounts, tracing shop expenses, and using time and labor data to build accurate cost outlines. Practical examples illustrate how incorrect expense distribution can distort profits and mislead policy choices.

• Difference between cost accounting and cost finding, and why both matter


• How to classify and manage plant accounts for clearer reporting


• Methods for distributing shop expenses and measuring labor costs


• Illustrative calculations showing the impact of accurate vs. faulty cost data

Ideal for readers involved in factory management, cost engineering, or industrial extension work who want a solid, practitioner-friendly approach to cost control and managerial decision-making.