Standard cost finding practice for steel foundries

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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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Classification of accounts

Collection:: Economics Books

FURNACE REPAIRS—MATERIAL: (See Note 2; Brick Sand Structural steel Castings Supplies OTHER REPAIRS—ILABOR Labor repairing all other equipment in Melting Department except furnaces OTHER REPAIRS—MATERIAL: Material and other charges for repairs to all other equipment in Melting Department except furnaces. Note 1. The cost of freight on materials used in this department, and the cost of unloading these materials are to be charged to the materials, or are to be charged to the Melting Department in a separate ac- count. The natural waste that occurs in the storage and handling of the metals and the discrepancies that occur in inventories, should be covered in the monthly cost of metals. This is done by adding a certain per- centage to the actual amount of each of the metals used, thereby avoiding the necessity for making large stock pile adjustments adversely affecting the business. The reserve for inventory adjustments explained on page 16 should not include an amount to cover reserve for metals, as the latter is charged direct to the cost of metals in the manner just outlined. Note 2. A reserve fund for furnace repairs should preferably be created by charging’ to costs each month an amount based upon a predetermined rate per ton of metals charged into the furnaces. When actual repairs are made, they are charged to the reserve fund. The labor and material accounts for furnace repairs may be combined at the option of the foundry. Note 3. The costs of physical tests are to be charged to the Melting Department when the making of these tests is under the direction of the chemical laboratory, or to the general overhead expense when unde: ‘he direction of some other department. Molding Department: Molding Direct Labor Molders Apprentices Helpers Rammers Finishers Dry-floor molders Dry-floor helpers Molding Indirect Expense [ndirect Labor: Cranemen Chainmen Labor pouring and following heats Shakeout labor Flask fitters Sand reclaiming labor Mold-oven tenders Runner cup makers Core carriers Pattern carriers Tool-room labor Gagger-men Sand-mill labor Mold checkers Dry-floor laborers Other labor not charged to direct labor. Supervision: Foremen and assistant foremen in molding department Molding department clerks.

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