Cost Keeping and Management Engineering: A Treatise for Engineers, Contractors and Superintendents Engaged in the Management of Engineering Construction

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Myron C. Clark publishing Company, 1909 - Cost accounting - 346 pages
 

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Page 42 - ... paid for the work. After analyzing the job, and determining the shortest time required to do each of the elementary operations of which it was composed, and then summing up the total, the writer became convinced that it was possible to turn ten pieces a day. To finish the forgings at this rate, however, the machinists were obliged to work at their maximum pace from morning to night, and the lathes were run as fast as the tools would allow, and under a heavy feed.
Page 198 - ... if the same efficiency is obtained from the men it is very easy to make a correction, or if the efficiency varies, judgment must be applied to determine the correct rate to use. It has been the writer's experience that although the rate of wages and cost of materials vary somewhat in different parts of the country, the variations frequently offset one another so nearly that the sum total of the unit cost obtained in one place may be used in another, very seldom needing correction. For Instance,...
Page 43 - But from the day they first turned ten pieces to the present time, a period of more than ten years, the men who understood their work have scarcely failed a single day to turn at this rate. Throughout that time until the beginning of the recent fall in the scale of wages throughout the country, the rate was not cut. " During this whole period, the competitors of the company never succeeded in averaging over half of this production per lathe, although they knew and even saw what was being done at...
Page 196 - The bookkeeper works these reports up into units of measurement, as cost of labor per cubic foot of concrete and number of cubic feet of concrete per barrel of cement, number of square feet of form work erected, etc., and from this it is easy to obtain the unit costs hereinafter given. The bookkeeper can take the reports of four or five jobs, employing in the aggregate 500 or...
Page 44 - Throughout the works, however, the principle of the differential rate was maintained, and was, and still is, fully appreciated by both the management and men. Through some error at the time of the general reduction of wages in 1893, the differential rate on the particular job above referred to was removed, and a straight piecework rate of 25 cts.

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