Cost AccountingPrentice-Hall, Incorporated, 1925 - 528 Seiten |
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Accounts Payable Accounts Receivable Accrued Payroll Administrative Expense analysis applied expense applied manufacturing expense average cost balance cost accounting system cost department cost per unit cost records cost system daily time reports debit Department Expense Depreciation Dept direct labor cost direct labor hours direct material duction expense accounts expense applied Expense Controlling account factory finished product gross profit illustrate inventory value invoice Labor in Process loss statement manu Manufacturing Expense Controlling March 31 material cost Material in Process material issued ment method month necessary normal distribution operation partment Payroll account pense perpetual inventory Producing Department production orders profit and loss purchase order quantity scrap secured selling and administrative selling expense service department shown sold specific order cost standard costs standing orders storeroom stores ledger account stores ledger clerk stores requisition subsidiary ledger tion total cost trial balance unit cost voucher register wages
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Seite 427 - We decide only that trade associations or combinations of persons or corporations which openly and fairly gather and disseminate information as to the cost of their product, the volume of production, the actual price which the product has brought in past transactions, stocks of merchandise on hand, approximate cost of transportation from the principal point of shipment to the points of consumption, as did these defendants, and who, as they did, meet and discuss such information and statistics without...
Seite 427 - We realize that such information, gathered and disseminated among the members of a trade or business, may be the basis of agreement or concerted action to lessen production arbitrarily or to raise prices beyond the levels of production and price which would prevail if no such agreement or concerted action ensued and those engaged in commerce were left free to base individual initiative on full information of the essential elements of their business.
Seite 427 - Viewed in this light, can it be said in the present case that the character of the information gathered by the defendants, or the use which is being made of it, leads to any necessary inference that the defendants either have made or will make any different or other use of it than would normally be made if like statistics were published in a trade journal or were published by the Department of Commerce, to which all the gathered statistics are made available? The cost of production, prompt information...
Seite 427 - We do not conceive that the members of trade associations become such conspirators merely because they gather and disseminate information, such as is here complained of, bearing on the business in which they are engaged and make use of it in the management and control of their individual businesses...
Seite 442 - In addition we have a special contract for one of our customers. The contract price is $25,000. We have spent $12,000 on it and expect to have to spend $4,000 more, and we have received $10,000 on account. Our cash in bank is $4,800 and cash in hand $200. I have told you all the facts I think you need. Perhaps some are not required, but I want to give the bankers all the information they ought to have in the way they expect to get it. I do not, of course, expect you to accept any responsibility for...
Seite 416 - Ibid., pp. 973-976. 2. Results in a better informed competition within the industry. 3. Enables the industry to place facts before regulatory bodies. 4. Inspires confidence in the public that selling prices are established...
Seite 369 - Co. (c) Balance-sheet of the American Pin Company after the merger. 2. The following problem is based upon the estimate cost system. No factory ledger will be used, all accounts being kept on the general ledger. The business is the making of men's clothes, and two principal materials will be used, fine woolens and plain woolens, of which stock records will be kept. Stock record will also be kept for finished goods. (a) The following styles of clothing will be made, and they are estimated to cost...
Seite 216 - ... matter we are considering, we know of no better rule to aid us than the one applied by manufacturers in the daily conduct of their business. The cost of manufactured products consists of the sum of direct costs, that is, direct material and direct labor, plus indirect costs, or manufacturing expense. Because of its indirect and general nature, manufacturing expense cannot be charged directly to each production order as can direct material and direct labor. It must therefore be distributed over...
Seite 476 - The XYZ Chemical Company manufactures one main product only, known as "Saltero," and a by-product, known as "Scrapto." From the following information, calculate the profit per ton (2,000 Ibs.) of Saltero on every ton sold : Saltero sells for $600.00 per ton. The selling and administration charges are 20% of the selling price. This product is made from three ingredients, N, O and P, in the following proportions and at the following costs : N 20% costs $100.00 per ton. O 30% costs 50.00 per ton.
Seite 426 - January 1, 1948 ... the Sherman Act ... the Clayton Act, and the . . . Federal Trade Commission Act . . . shall be applicable to the business of insurance to the extent that such business is not regulated by State law.