Standard cost finding practice for steel foundries

Bibliographic data

Monograph

Identifikator:: 176071013X

URN:: urn:nbn:de:zbw-retromon-140159

Document type:: Monograph

Title:: Standard cost finding practice for steel foundries

Place of publication:: [Pittsburgh]

Publisher:: Steel Founders' Society of America

Year of publication:: 1927

Scope:: 26 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Classification of accounts

Collection:: Economics Books

Special Charges: Pattern Expense: Labor: —Wages of pattern makers and other labor making, altering, and repairing pattern equip- ment that is charged direct to a specific pattern. Material and Other Charges: —Material and supplies used for making, altering, and repairing pattern equipment that is charged direct to a specific pattern. Also the cost of patterns, templates, and gauges purchased from outside concerns. Special Rigging: Labor :—Wages of labor engaged in making special equipment or rigging that is charged direct to a specific pattern, or to castings made from a specific pattern, Material and Other Charges:—Material and supplies used in making special equipment or rigging that is charged to a specific pattern, or to castings made from a specific pattern. Special Machining : Labor, material, and supplies in connection with special machine work that is charged direct to a specific pattern, or to castings made from a specific pattern. PRODUCT OF METALS CHARGED INTO FURNACE : Good Castings: The weight of the good castings produced is obtained by adding to the weight of the castings shipped during the month the weight of the castings on hand at the close of the month, and deducting therefrom the weight of the castings on hand at the beginning of the month. [f this method is followed, inventories should be obtained by weight or count, and should not be blanket estimated. Defective Castings: The weight of the defective castings is obtained from the defective casting reports and it repre- sents the castings scrapped in the foundry, It should not include defective castings returned to the foundry by customers, as such losses are included separately in General Overhead “xpense. ‘This item does not include the heads and gates on defective castings. Slagged Castings: The weight of the castings slagged at the end of heats. is also obtained from the defective cast- ing reports. "Jeads and Gates: The weight of the heads and gates is obtained by actual weights wherever practicable. When it is not practicable to weigh heads and gates, their weight is obtained by deducting from ‘he total furnace charge the sum of the weights of the good castings, the defective cast- ngs, the slagged castings, the metal losses, and the melting and foundry loss. This item ‘neludes the heads and gates on defective castings. Metal Losses: This item includes steel poured from the furnace that is later recovered as scrap in the form of lost heats, spills, skulls, runner cup scrap, fins, steel poured into pigs, and other scrap chat is recovered. Experience has demonstrated that this metal loss is usually 3 percent to ¢ percent of the total metal charged into the furnaces. I'otal Scrap: This item is the sum of the weights of the defective castings, slagged castings, heads and gates, and metal losses. The weight of the total scrap produced during the month is a known quantity as it is obtained by adding to the weight of “Own Scrap” charged into the fur- nace during the month. the weight of “Own Scrap” on hand at the end of the month. and

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