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�OGv N. A. C. A. B u y i , 1 M * T h i s b u l l e t i n is p u b li s h e d semi- monthly t h e F 1 0 E O F T H E Q by IECRETARY N a t i o n a l Association of Cos t Accountants, 1790 B r o a d w a y , N e w Yo r k 90, Broadway N e w Y o r k In�three�sections—�Section�III l919'sy VOL. XIII, NO. 78 � V * MAY 15.1932 i CURRENT COST LITER 'c"CPKLr'��]1 R R y Our Cost Literature Bulletins, which are issued o the fifteenth of each month, contai n all the avai labl e re fe re nces t o cost art i cl e s an ost mat e ri al . published for the most part during the past month. The majority of these- references are obtained from the Engineering Index Service. They are classified according to industries and topics. It is to be hoped that this arrangement will make the references more useful to our members, and facilitate preserving them for future reference. Addresses of magazines referred to in this issue will be found on pages 1315 -16. Arrangements l:ave been made with The Engineering Societies Library whereby that library will usually supply photostatic copies (white printing on black back- ground) of any of the articles listed herein. The price of each print, up to 11 by 14 inches in size, is 25 cents plus postage. A separate print is required for each of the larger periodicals, but whenever possible, two pages will be photographed together on the same print. T o avoid misunderstanding as to charges, orders for prints should not ordinarily be placed until special inquiry as to the total number of pages has been made. When ordering prints, identify the article by quoting from the Bulletin item the following: (1) Title of article, (2) name of periodical in which it appeared, (3) date of publication of periodical, and (4) page numbers. Orders should be sent to Engineering Societies Library, 29 West 39th Street, New York, N. Y. If desired, a member may usually secure a copy of any of the magazines referred to by ordering direct from the publisher. Photostats of starred ( *) articles cannot be provided. ACCOUNTANTS *LeGardeur, R. J. Organized Cooperation Among Accountants. The Certified Public Accountant. April, 1932. pp. 226 -30. AUDITORS AND AUDITING *Importance of Defining the Scope of a n Audit. The Certified Public Accountant. April, 1932. p. 225. BANKRUPTCY *Decision in Bankruptcy Case of .Concern to Accountants —of Interest to Lawyers. The Certified Public Accountant. March, 1932. pp. 164, 183. BANKS AND BANKING *McPherson, R. B. Cooperation Between Bankers and Accountants. The Certified Public Accountant. March, 1932. pp. 167 -69. 1307 1 4 W e consider that our Comptometers are worth SE IN SALES $448)000 ... WHEN the cash savings produced by a production basis. Third, using the Dis- Comptometer installation are translated tribution Board method to get final re- into other terms, they often have a new sults from original records, without re- significance. The treasurer of a Penn- copying. Other important economy fac- sylvania Oil Company counts his six tors are the speed, accuracy and flexibility Comptometers as to many profit- produc. of the machine itself. ing salesmen, working without salaries One of our trained representatives will or commissions. be glad to study your routines and He says: "Since installing a Comp - show you, by convincing tests, how tometer system, we have saved approxi. Comptometer methods can reduce your mately $13,440 a year. In the Auditing costs. Just call our local office, or write Department, the saving is $410 a month — direct. There is no obligation. FELT in the Credit Department, $515 a month & TARRANT MFG. CO., 1715 North —in the Gallonage Department, $195 a Paulina St., Chicago, Illinois. month. We consider that our Comp- tometers are worth $448,000 increase in sales, at a net profit of Ylo." A method of performing figure - work that affects Profit and Loss the same as added sales has proved its value. Comptometer savings vary, of course, according to the business. But the average minimum saving, based on a large number of cases, is $1000 a year per machine. The economies achieved by Comp - tometer installations are the result of, first, analyzing the individual accounting problems of each busi- ness and workin g out the bes t so lu . [ions. Second, centralizing figure- T 11 E C 0 M P T O M E T E R work so that it will be done on a M a d e o n l y b y F e l t & T a r r a n t COMPTOMETER A C RA C Y (TRADS MARK) Gm[-right, 1932, Felt & Tarrant Mfg. Co. BUDGETS Haverbeck, E. Die Wirkung der Unkosten- Budgetierung in der Krisenzeit. Werk- stattstechnik. March 1, 1932. pp. 109 -12. Budget - control system used by L. Schuler A.- G.- Coeppingen, Germany, with date for 1928, 1929 and 1930; graph shows relation between cost and operating ratio BUILDING MATERIALS Theilmann, F. Ueber die Preisbildung von Baukeramiken. Tonindustrie -Ztg. Jan- uary 25, 1932. pp. 109 -10 and Feb. 8, 1932. pp. 172 -73. Price fixing of ceramic building materials; factors governing calculation of cost. BUSINESS CYCLES AND FORECASTING *White, A. E. Research and Business Cycles. The Certified Public Accountant. March, 1932. pp. 165 -67. CALENDAR REFORM *Spence, J. W. Changing the Calendar —Pro and Con. Cost and Management. April, 1932. pp. 113 -20. CONSTRUCTION *Doetze, Carl E. Accurate Construction Costs. The Certified Public Accountant. March, 1932. pp. 144 -48. COST AND FACTORY ACCOUNTING Frank, T. B. "Normal' Cost —Key to Stable Overhead Charges. Iron Age. March 31, 1932. pp. 765 -67. Determination of normal basis for charging overhead to costs; applying charge in flush times will result in building up overhead reserve in excess of normal requirements and applying it in dull periods will result in overhead deficits which will be deducted from reserve; author states that overhead expenses should not include cost of carrying excess capacity. Morton, Farris L. How Centralization Cut Accounting Costs 60.2 %. Management Methods. April, 1932. pp. 218 -19, 247. Oble, R. Formule pratique permettant de calculer le temps d'amorfissement. Aciers Speciaux, Metaux et alliages. January, 1932. pp. 18 -21. Formula for calculating time of amortization for equipment of industrial plants, particularly machine tools. DEPRECIATION, REPAIRS, MAINTENANCE AND OBSOLESCENCE Stoody, E. V., and Ross, G. I. Variations in Maintenance Costs and Procedure. Management (ASME Trans.). April 15, 1932. pp. 17 -20. Indexed in Engineering Index, 1931, p. 752, from Maintenance Engineering, April, 1931. Suttill, A. G. Simple Maintenance Control. Factory and Industrial Management. March, 1932. pp. 113 -15. 1308 _Bu'rroujhs The new Burroughs Typewriter Bookkeep- ing Machine with mul- tiple totals completes several related records at the same time and accumulates a large number of totals. Dis- tribution, with or with- out ledger posting, is easily and quic kly ac- complished. ALL THE TOTALS Automatically Accumulated While Posting Consider the many applications for this new Burroughs which lists items for each of many classifications either in one column or sepa- rate columns . automatically accumulates and prints a total of each classification and a grand total of all classifications . and, if desired, does this work while posting several other related records in the same operation. These and other special Burroughs features make this machine exceptionally fast, simple, and easy to operate. Its wide range of use- fulness makes it an economical investment. BURROUGHS ADDING MACHINE CO., DETROIT, MICH. Practical outline of time study for maintenance of efficiency; time allottment for practically any maintenance job; analysis of items of time study. DRAFTING ROOM PRACTICE Kunz, W. J. Production Management Applied to Drafting Department, Management (ASME Trans.) April 15, 1932. pp. 1 -8. Indexed in Engineering Index, 1931, p. 398, from advance paper and other sources. ELECTRICAL MANUFACTURERS Boesel, R. Arbeitsvorbereitung in der massenfertigung des elektrischen Apparate- baues. Maschinenbau. February 18, 1932. pp. 81 -84. Preparation of work in mass production of electric equipment; supply of raw materials; maintenance and supply of tools; registrative work and preparation of material requisitions; contract work, etc.; new premium system for increase of efficiency is outlined. ENGINEERING Bunnett, L. E. Estimating for Mechanical Engineers. Isaac Pitman & Sons. 1932. 168 pp. Diagrams, charts, tables. Volume discusses such subjects as labor costs, materials, speeds, feeds, labor of various kinds, fixed charges and manner in which complete estimates are built up; scattered information of value to estimator is brought together with advice on pitfalls to be avoided. Price, $3.00. FINANCIAL STATEMENTS *Seherich, E. R. Futility of the Balance Sheet and Report Certificate. The Certified Public Accountant. April, 1932. pp. 216 -22. FOUNDRIES Weck, W. Kalkulation von Kleinen Gusstuecken. Giesserei. March 4, 1932. pp. 91 -92. Cost estimation of small castings; examples given show that special importance attaches to calculation of small castings, as their price is often estimated at too low figure. Report of A. F. A. Committee on Survey of Methods of Determining Molding Costs. Am. Foundrymen's Assn.— Trans. January, 1932. pp. 609 -44. Survey of practices followed by foundries in order to see if any scientific methods were in practical use for determining direct molding labor rates, time or cost; methods for determining molding prices in Quad City District; report on foundry price setting system of Brown and Sharpe Mfg. Co. INDUSTRIAL MANAGEMENT Diemer, H. Management A B C's —X11. Factory and Industrial Management.