Cost Accounting in Shipbuilding: Report of the Committee on Uniform Methods of Cost Accounting : Adopted June 4, 1919 |
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Cost Accounting in Shipbuilding (Classic Reprint) Atlantic Coast Shipbuilders' Assoc No preview available - 2018 |
Cost Accounting in Shipbuilding (Classic Reprint) Atlantic Coast Shipbuilders' Assoc No preview available - 2018 |
Common terms and phrases
accounts or product administrative expense applied ATLANTIC COAST SHIPBUILDERS Auxiliary and Stock basis charged directly Class Comparative Statement Construction Orders-Ship controlling accounts cost accounting cost charges cost period definite depreciation depreciation reserve Direct general charges direct material Distributive Expense drayage elements of cost Emergency Fleet Corporation engines erection and construction expense costs expense includes finishing and outfit Fixed Charge Expense Foundry FRANK MCLAUGHLIN Helpers Hull finishing indirect job ac job accounts labor and expense Machinery installation Machinery manufacture main divisions Manufacture of Ship materials and supplies ments methods of cost Miscellaneous Orders outfit manufacture pense Piping plant production costs production orders Productive Departmental Expense productive departments profit and loss purchased rata share ship construction ship product units shipyards steel ship product stock manufacturing departments Stock Manufacturing Expense Structural hull erection Structural hull manufacture tion uniform cost methods Uniform Methods units or job yards York Shipbuilding Corporation
Popular passages
Page 39 - Betterments are mechanical changes in structures, facilities, or equipment which have as their primary aim and result the making of the properties affected more useful or of greater capacity than they were at the time of their installation or acquisition.
Page 87 - ... the manufacture of asphalt, and for the operation of steam rollers, large cranes or other machinery or apparatus, or to supervise the performance of such work. Section 14. Class M. Skilled Labor Service. This class shall include those positions in the city service whose incumbents are required to perform work in the different trades, handicrafts or useful arts or work requiring manual or mechanical skill, or to supervise the performance of such work. Section 15. Class N.
Page 39 - BETTERMENTS are mechanical changes in structures, facilities, or equipment which have as their primary aim and result the making of the properties affected more useful or of a greater capacity than they were at the time of their installation or acquisition.
Page 120 - ... which is not specially designed or installed for the purpose of manufacturing munitions or parts thereof, and which, without material alteration and change, may be used in connection with any other business in which the person is or may be hereafter engaged. " The annual deduction on this account will be a reasonable allowance determined upon the basis of the cost and probable number of years constituting the life of the property. " If the same building and machinery or other equipment are used...
Page 120 - ... deductible from the gross income returned for the purpose of this title on account of depreciation will be apportioned in accordance with the rule hereinbefore set out for apportioning running expenses, and the deduction from the gross income contemplated by this title will be made accordingly. ART. 21. Section 302 of this title authorizes a deduction to meet the conditions peculiar to each concern, and has for its purpose the amortization of the values of buildings and machinery constituting...
Page 121 - ... the buildings and machinery or equipment were specially constructed or installed. Neither the depreciation nor the amortization deduction allowable in the return made for the purpose of this title will relate to property used in connection with any other business carried on by the manufacturer. Amortization applies only and particularly to those special plants and equipment whose life and value, except salvage, will terminate with the end of the business for which they were erected and equipped....
Page 120 - The deduction of an allowance for depreciation is limited to property used in the taxpayer's trade or business." (Art. 162.) In Regulation No. 39, issued October 24, 1916, as Treasury Decision No. 2384, depreciation as used in the munitions tax law of September 8, 1916, Is defined as follows: " The deduction authorized on account of depreciation relates to the loss due to use, wear and tear of physical property, owned and used by the manufacturer, but which is not specially designed or installed...
Page 120 - Title on account of depreciation will be apportioned in accordance with the rule hereinbefore set out for apportioning running expenses, and the deduction from the gross income contemplated by this Title will be made accordingly. Art. XXI. Section 302 of this Title authorizes a deduction to meet the conditions peculiar to each concern, and has for its purpose the amortization of the values of buildings and machinery constituting special plants, which will, except for salvage, have no substantial...
Page 45 - That a special depreciation reserve account be maintained by each company to which shall be credited the estimated special depreciation for all improvements undertaken while this country was at war and carried out at the contractor's expense, at a tentative rate of 20% of the expenditure for...
Page 96 - There should be time clocks on which each worker should register in and out time, or there should be some other method of obtaining the same results. (b) Job or operation tickets should be turned in by each worker for the various operations performed each day. On these job tickets there should be recorded the worker's number, the production order number, the product unit number, and the time taken on each operation. Where mechanical...