Authorities of Industrial Body and Accounting for Industrial Costs

 

https://archive.org/stream/organizingfactor00wood/organizingfactor00wood_djvu.txt

CONTENTS 

CHAPTER I.— THE NECESSITY OF SYSTEM AND NEW 

METHODS 

Necessities of modern accounting — Analysis of the new method — 

Manager and departments — The trust regime — Dearth of scientific man- 

agers Pages 11-16 

CHAPTER II. — THE ORGANIZATION ELEMENTS AND 

AUTHORITIES OF AN INDUSTRIAL BODY 

Aims of modern industrial organization — Elements in industrial 

organization — Authorities for industrial body — Following steps of man- 

ufacture — Functions of general manager — Administration and account- 

ing chart Pages 21-28 

CHAPTER III.— DEPARTMENTAL AUTHORITIES, DUTIES 

AND RESPONSIBILITIES 

Relation of higher authorities — General management of business — 

Business manager — labor and authority — Bookkeeping — labor and 

authority — Correspondence — labor and authority — Sales — labor and 

authority — Purchasing — labor and authority — Orders — labor and author- 

ity — Superintendent — labor and authority — Factory power and testing — 

Shop carrying — labor and authority — Experimental — labor and authority 

Drafting — labor and authority — Receipts — labor and authority — Factory 

stores — labor and authority — Shipping — labor and authority — Tool 

room — labor and authority — Departments — labor and authority 

Pages 29-56 

CHAPTER IV.— THE ACCOUNTING OF EXPENSES AND 

COSTS 

Commercial and manufacturing expenses — Where to charge expenses 

— Division of costs — Productive and non-productive labor — Indicating 

actual expenses — Classification of labor — Distribution of expenses 

Pages 61-69 

CHAPTER v.— ANALYSIS OF DIFFERENT METHODS OF 

PAYING LABOR 

Day labor and costs — Piece-work systems — Premature adoption of 

piece work — Necessity of reduction — The premium plan — Its one weak- 

ness — The time limit — DifiEerential piece-rate system — A new cost 

system — Time limit on day-pay basis Pages 70-84 

9 

10 CONTENTS 

CHAPTER VI. — DEPRECIATION OF TOOLS AND ITS 

RELATION TO COST 

Antiquated methods common — A wage for machine tools — How to 

handle tables — Derivation of expenses chargeable — Real age of tools — 

Uses of depreciation tables — Tables show the actual cost. .Pages 85-92 

CHAPTER VII.— A COMPLETE ANALYSIS OF THE ELE- 

MENTS OF A COST SYSTEM 

Analysis to secure the skeleton — Facts concerning each part— Inven- 

tory of equipment Pages 93-96 

CHAPTER VIII. — THE MACHINERY OF COST GETTING 

Analysis of items, parts and operations — Accurate record — The bill 

of material — Bill of material and store departments — Use of time slip- 

Auxiliary functions of workman's slip — Total costs shown — Additional 

functions — Make-up of labor time sheet — Time sheet as record and pay- 

roll — Machine tool time sheet Pages 101-115 

CHAPTER IX. — LABOR RECORDS AND CLASSIFICATIOl^ 

Applicant's first record — Fluctuations of labor — Incentives to labor. . 

Pages 116-123 

CHAPTER X. — PERPETUAL INVENTORIES 

Necessary first steps — The rough stores ledger — Records on tools and 

general supplies Pages 124-127 

CHAPTER XI.— HOW THE EXECUTIVE MAY KEEP IN 

TOUCH WITH THE FACTORY 

Value of comparative figures — Comparative labor chart — Output com- 

pared with labor — Value of the chart Pages 128-134 

CHAPTER XII.— REDUCTION OF LABOR COSTS 

How piece-workers limit production — Learning the efficiency of 

labor — Wanton waste of power — Finding the leaks — Applying the 

leakage tests Pages 135-145 

GLOSSARY 

Pages ,--,146-156