Fayette Herbert Elwell
Published: 2018-02-25
Total Pages: 42
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Excerpt from Laboratory Manual: Cost Accounting We are asked to make a quotation on one hundred tons of iron, on which we wish to realize a net profit of $10 a ton. Our estimates for costs entering into the product are as follows: 90 tons pig iron at a ton. 10 tons scrap iron at $10 a ton. Coal, 50 tons, at a ton. Sundry supplies at per ton, of product. The productive labor will be a ton. The non-productive labor will be 20% on productive wages. Factory expenses (including maintenance, depreciation, etc.) will be 10% on productive wages and the trading expenses are to be based on the daily output, which in this case is estimated at 200 lbs. Per day, per man. Show by complete illustration the total cost of this contract, and state how much per lb. We must quote to realize a net profit of per ton. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.