N. X. C. A.e BUIJ ET VICE OF THE 1ECRETARY This bulletin is published semi - monthly by the National Association pf Cost Accountants, 1790 6W Broadway New York . 0 Br a/w a UR rk t e ona — Section Ill VOL. XIII. NO. 12 "' FEBRUARY 18. 1932 CURRENT COST LITERATURE Our Cost Literature Bulletins, which are issued on the fifteenth of each month, contain all the available references to cost articles and cost material published for the most part during the past month. The references are classified according to industries and topics. It is to be hoped that this arrangement will make the refer- ences more useful to our members, and facilitate preserving them for future reference. Addresses of magazines referred to in this issue will be found on page 859. Arrangements have 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 priia. To 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. BUDGETS Bigelow, C. M. Budgeting. Wood Working Industries. Dec. 1931. pp. 20 -3, 2 figs. Determining market and sales quotas; graphic presentation of budget. Case, R. E. Buikling Budgets for Incentives and Standard Costs. Factory and In- dustrial Management. Nov. 1931. pp. 650 -52, 1 fig. Method of combining budget to serve as basis for standard costs and bonus systems, which does not work out in practice; methods of efficient budget control; construction of standard cost line. Knoeppel, C. E. Technique of Profitgraph. Factory and Industrial Management. Dec. 1931. pp. 789 -91. Budgeting for increased profits ; evolution , construction and operating character- istics of profitgraph. 855 __ --siim
Transcript
N . X . C . A . e B U I J � E T �V I C E O F T H E1 E C R E T A R Y
T h i s b u l l e t i n i s p u b l i s h e d s e m i - m o n t h l y b y t h eN a t i o n a l As s o c ia t i on p f Cos t A c c o u n t a n t s , 1790
6W B r o a d w a yNew York .
0 B r a / w � a U Rr k
t e ona— Sec t i o n I l l
V O L . X I I I . N O . 1 2 " ' F E B R U A R Y 1 8 . 1 9 3 2
CURRENT COST LITERATURE
Our Cost Literature Bulletins, which are issued on the fifteenth of each month,contain all the available references to cost articles and cost material published forthe most part during the past month. The references are classified according toindustries and topics. It is to be hoped that this arrangement will make the refer-ences more useful to our members, and facilitate preserving them for futurereference.
Addresses of magazines referred to in this issue will be found on page 859.
Arrangements have been made with The Engineering Societies Library wherebythat 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 14inches in size, is 25 cents plus postage. A separate print is required for each ofthe larger periodicals, but whenever possible, two pages will be photographed togetheron the same priia. T o avoid misunderstanding as to charges, orders for printsshould not ordinarily be placed until special inquiry as to the tota l number of pageshas been made. When ordering prints, identify the article by quoting from the Bulletinitem the following: (1) Title of article, (2) name of periodical in which it appeared,(3) date of publication of periodical, and (4) page numbers. Order s should be sentto Engineering Societies Library, 29 West 39th Street, New York, N. Y.
If desired, a member may usually secure a copy of any of the maga zines r efer redto by ordering direct from the publisher.
Photostats of starred ( *) articles cannot be provided.
BUDGETS
Bigelow, C. M. Budgeting. Wood Working Industries. Dec. 1931. pp. 20 -3, 2 figs.Determining market and sales quotas; graphic presentation of budget.
Case, R. E. Buikling Budgets for Incentives and Standard Costs. Factory and In-dustrial Management. Nov. 1931. pp. 650 -52, 1 fig.Method of combining budget to serve as basis for standard costs and bonussystems, which does not work out in practice; methods of efficient budgetcontrol; construction of standard cost line.
Knoeppel, C. E. Technique of Profitgraph. Factory and Industrial Management.Dec. 1931. pp. 789 -91.Budgeting for increased profits; evolution, construction and operating character-istics of profitgraph.
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in time for quick action. A nation -all\- known instrument company in NewYork formerly waited until the 15th or20th of each month for cost and salesfigures of the previous month. Nowthey get necessary statistics daily.A Southern California baking com-pam reports that the DistributionBoard gives them figures on produc-tion and distribution, costs and in-ventories, and other information in5V̂ less time than their formermethod.
Cheaper figures! The DistributionBoard Comptometer Method hassuccessfully replaced more expensivesystems in companies throughout thecountry. A large Middle - Westernglass company saved about % on thecost of payroll distribution by usingour system . and accomplishedmore work. An office outfitter in theSouth made a saving of $5,000annually.
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A U T O M A T I CA C C U R A C Y
COAL MININGFollansbee, F. S. Bigger Mine Cars Cut Labor and Supply Costs. Coal Age.
Dec. 1931. p. 628.Abstract of paper on Relation of Mining Costs to Mine Cars, read before WestVirginia Coal Mining Inst.
Puetz, O. Betriebsteirtsehaftliche Bilana and Getuinn —und Verlustrechnung einerSteinkohlengrube (Economic Balance and Profit and Loss Accounting of Bi-tuminous Coal Mine) Glueekauf. Oct. 24, 1931. pp. 1352 -56.Method of setting up report; plant rationalization and supervision.
Stummer, L. Ueber Kosten and Statistik im Floeabetrieb (Costs and Statistics inCoal Mining) Montanistische Rundschau. Dec. 1931. pp. 303 -9.
DEPRECIATION, REPAIRS, MAINTENANCE AND OBSOLESCENCERoss, G. I. Maintenance Order Systems —I. Maintenance Engineer. Dec. 1931.
pp. 581 -82.First of series of articles to discuss various maintenance forms and maintenanceorder routine used by representative plants throughout country; purpose of orderroutine.
FORGE SHOPSRuby, L. E. Production Control in Drop Forge Plants Heat Treating and Forging.
Nov. 1931. pp. 1029 -33, 7 figs.Organization of production control at plant of Pittsburgh Forgings Co., Jackson,Mich.; Blanks for production estimate, shop order, work ticket, machine sched-ule, etc.
INDUSTRIAL MANAGEMENTDiemer, H. Management A B Cs —VII and VIII. Factory and Industrial Man-
agement. Oct. 1931. pp. 490 -92; Nov. 1931. pp. 640 -42, 6 figs.Scheduling and dispatching; factors that go to make up selling costs.
Diemer, H. Management A B C's -- I X . Factory and Industrial Management. Dec.1931. pp. 820-2.Charts illustrating relations between methods engineer and maintenance de-partment; summary of duties of maintenance department; periodic inspectionand maintenance.
Gaudette, H. L. 21 Checks on Profit - Making Policies. Factory and IndustrialManagement. Nov. 1931. pp. 632 -34.Review of factors entering into proper plant operation.
Hazen, D. S. Management X- Rayed. Factory and Industrial Management. Nov.1931. pp. 648 -49, 1 fig.Chart indicating interrelation of executive departments; discussion of departmentoperations.
Klotzsch, C. and Kuebler, R. Der absolute Beschaeftigungsgrad (Absolute Factorof Occupation. Technik and Wirtschaft. Oct. 1931. pp. 241 -44, 2 figs.Factor is defined according to Verein Deutscher Maschinen Anstalten, as relationbetween number of workers multiplied by scheduled working time to effectiveman-hours; application in cost calculation and introduction of absolute factorof occupation and its advantages.
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TWE NTYTOTALSIN ON E
COLUMNOR
SEPARATECOLUMNS
•
A N E W B U R R O U G H S
COMPLETESTHE
ANALYSISWHILE
POSTINGOTH ER
RECORDS
P R O V I D E S V I T A L A N A L Y S I S F I G U R E S
W H I L E T H E Y A R E N E W S • • N O T H I S T O R Y
N o w it is possib le to have accuratean al ys i s f i gu re s o f sa l e s , co l l e c t i o ns ,
expenses and profits quickly —when they
are wanted —as this new Bur roughsoften saves hour s —o r even days —inget ting su ch informa tion in to the hands
of executives.
T hi s m a chine grea t ly spe eds u p work .It post s two or more re l a t ed r ecords in
one operat ion and, at the same time,
completes the d i st r ibut ion to a ny num-ber of c la ssificat ions u p to twenty.
It is particularly adapted to such jobs
as a cco un t s r e ce i va b l e , ac c o un t s p a yab l e ,
payroll, genera l l edger , s tores records,
consol ida tion of branch repor ts , a nd so
on. It is economical because it has such
a wide range of u sefulness.
A demonstr a tion can be ar r a nged by
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B U R R O U G H S A D D I N G M A C H I N E C O M P A N Y , D E T R O I T , M I C H I G A N
�ao�
Lord, C. B.. Management by Exception. Management (A.S.M.E. Trans.). Sept. -Dec. 1931. pp. 49 -54 and (discussion) 55 -58, 2 figs.Before Am. Soc. Mech. Engrs.
Lytle, C. W. Discussion on Stabilization of Employment. (A.S.M.E. Trans.)Sept. -Dec. 1931.
INVENTORY CONTROLBerliner, J. Simplicity and Accuracy are Features of this Inventory System.Modern Lachine Shop. Nov. 1931. pp. 20-22, 24, 26, 28, 70, 72 -73, 4 figs.
Inventory taking at plant of Pressed and Welded Steel Products Co.
LABOR -BONUSSeim, P. Kostensenkung Durch Praemien fuer Betriebsangestellte (Reduction of
Costs by Bonus for Production Emplpyees) Werkstattstechnik. August 1, 1931.pp. 369 -73.
Compensation of managers and foremen by impartial bonus system; examplesillustrate procedure of calculation.
LABOR -TIME STUDIESBourns, N. Manufacturing Costs Reduced by Application of Motion Study. Me-
chanical World. Nov. 13, 1931. pp. 478 -81, 2 figs.
Analysis of how reductions were made by investigating operators movementswhen engaged on particular type of work.
Kupke, E. Die Beruecksichtigung der Arbeitsintensitaet in der arbeitsmeesung(Continuation of Working intensities in Measurement of Work.) Werkstatts-technik. July 15, 1931. pp. 345 -48.
Development of general formula for work and establishment of relations betweenwork measurement and compensation; measurement of working intensities ac-cording to Refa and Bedaux.
Van Poppelan, F. J. See What Motion Study Did to Plant Layout. Factory andLidustrial Management. Dec. 1931. pp. 797 -99.
Review of activities of plant layout department of Cadillac Motor Car Co.,Detroit, Michigan; old and new layouts.
LABOR -WAGE SYSTEMSWimmer, G. Die Organisation des Lohnutsens der Werke Ternitz, Muerzzuschlag
and Hoenigsberg der Schoeller- Bleckmann Stahlurerke A.-G., Wien. Sparwirts-chaft. Nov. 1931. pp. 435 -39.
Organization of wage system in plants of Schoeller Beckman Steelworks,Vienna; highly mechanical wage payment system is studied trom three view-points, i.e. calculation of own cost price basis, from that of laborer and fromState's tax regulations.
MACHINERYWatson, F. L. Obsolescence and Organization. Instn. Mech. ,Engrg. —Proc. Vol.
120, 1931. pp. 699 -704.857
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OFFICE MANAGEMENT
Brandl, G. Des Neuzeitliche Buero (The Modern Office). Technik and Wirtschaft.Sept. 1931, pp. 213 -17, 2 figs.Success in modern office organization depends on three elementary factors, i.e.planning of work, employees and working equipment and their adequate applica-tion in operating.
POWER
Cost Control. Power. Nov. 24, 1931. pp. 731 -76, numerous figs.Fundamental approach to power costs; master chart of power services; account-ing based on master chart; master chart examples; plant accounting; hydro,Diesel, engine or turbine, turbine unit, boiler, water pumping, water heating,air compressing, compressor refrigeration, absorption refrigeration and air con-ditioning plant costs; power -cost control applied to industrial plant.
PRODUCTION CONTROL
Phalen, J. J. Unified Production Methods - -I and II. Factory and Industrial Man-agement. Oct. 1931. pp. 485-87; Nov. 1931. pp. 642 -46, 6 figs.Unified code of standards for simplified superintendence of production, envelop-ing control of raw material, finished product, inventories and budgeting, now inoperation at Mergenthaler Linotype Co., Brooklyn, N. Y. records and operatingfeatures of production schedule.
Schloot, G. E. Output Regularized Despite Fluctuating Demands. Iron Age. Nov.12, 1931. pp. 1223 -27, 1281. 7 figs.To avoid necessity of fluctuations in plant activity to meet uneven outflow ofproducts, Diamond Chain & Mfg. Co., Indianapolis, Devised production- controlsystem that aims to regularize output; plan enabled Company to reduce pro-duction costs, improve quality of products and insure prompt deliveries.
Fitting Working Schedule to Decreased Demand -1 and H. Factory and IndustrialManagement. Oct. 1931. pp 512-14; Nov. 1931. pp. 655 -56.Practical review of proper methods of planning production schedules and profitswhen business is slack; outline of system employed in German factory; laborcomputations; company analysis of effects of costs and profits.
PROFITS
Knoeppel, C. E. Technique of Profitgraph. Factory and Industrial Management.Dec. 1931. pp. 789 -91.
PUBLIC UTILITIES —GASCliff, H. E. Summary of Customers Accounting Practices. American Gas Associa-
tion Monthly. Dec. 1931. pp. 559 -60; see also Resume of Accounting Papers,H. L. Dahlbeck, New England Gas News. Nov. 1931. pp. 31 -36.Notes on items of mechanical office equipment and their use. Before Am. GasAssn.
PULP AND PAPER
Withey, S. H. Modern Methods of Costing as Applied to Paper Making Industry.Paper Makers' Monthly Journal. July 15, 1931, pp. 295-96; August 15, 1931.pp. 330 -31; Sept. 15, 1931. p. 379; Oct. 15, 1931. pp. 428-29; Nov. 1931.pp. 469 -71. July: Costing of paper manufacture. Aug.: Buying department.Sept.: Materials and stores purchased on credit. Oct.: Preparing monthly trad-ing account. Nov.: Preparation of physical inventory.
858
W hether y o uk e e p recordsby " O n Or -d e r a n d O nH a n d " o r"Q u a nt i t y a n dV a l u e o nH a n d " t h e ycan be han-d l e d w i t h
qual fac i l i t yon th i s ma-chhine.
STOCK RECORDON ORDER AND ON HIND
— W O R N N U r t D U P I N G 8 09HI Po Po. 9 a 6E6
The Nat iona l Posting Machineoffer s a very fas t method of post -i n g s t o c k r e c o r d s . . . e i t h e r``quant i ty and va l ue " or `ton
order and on hand ".
It picks up t wo balances at oneoperation, posts i tems and extends
both new ba lances .
The machine i s very fl exible . Itactua l ly accumulates four tot a l sof i t ems pos ted which are neces-sary to proof. But it can bec o n v e r t e d i n s t a n t l y i n t o amachine for several kinds of
ent ire ly di ffe rent work .
Posting s tock records is jus t onekind of work where Nat iona lPos ting and Accounting Machinesproduce remarkable results.
They are equal ly adapted to all
k inds of d i s t r ibut ion work, wr i t -ing of payroll checks and dis-t r i b u t i o n of a m o u n t s , co s trecords of all kinds, sales ana l-ysis, and general bookkeeping.
Ou r representat ive in your ci tywi l l be gla d to exp la i n d i ffe r entmachines for di ffe rent applica-tions. The Nat iona l Cash Regi s -t e r Comp an y, Dayton Ohio.
gtionalACCOUNT ING AND BOOKKEEPING MACHINES
SAND AND GRAVEL
Stewart, H. H. Proposed Cost - Accounting System for Sand -and- Gravel Industry.Pit and Quarry. Oct. 21, 1931, pp. 59 -64.Plan of cost system which meets all necessary requirements; accurate data des-patched in readily usable form; applicable under standard, actual predeterminedor budgetary methods of computing costs. Begore Nat. Sand and Gravel Assn.
STANDARDS ,
Clark, Myron H. The Development and Application of Standards to ProductionManagement. Bulletin of Taylor Society. Dec. 1931. pp. 218 -30.
TRANSPORTATION
Zehnder. Zeichnerische Ueberwachung des Wirtschafts —und Haushaltsplanes einesVerkehrsunternehmens (Supervisory Control by Means of Graphs of EconomicOrganisation of Transportation Enterprises) Verkehrstechnik. July 17, 1931.pp. 356 -58, 3 figs.Use of graphical charts justified; advantages over numerical methods.
WAGES, SALARIES, FEES
Wages Should Be Cut Factory and Industrial Management. Dec. 1931. pp. 792 -94.Discussion of necessity for reducing wages; investment must be encouraged; costreduction only recourse; while wage reduction would temporarily depress con-sumption, author contends that it would ultimately increase it by restoring normalflow of capital investment.
WATER WORKS
Kimball, J. H. Tabulating ;11achines in Customer Accounting. Am. Water WorksAssn.—JI. Nov. 1931. pp. 1891 -94.Practice of East Bay Municipal Utility District in California.
Manson, A. B. and Bond, R. M. Machine Billing in Stratford, Ontario. Am, WaterWorks Assn. —JI. Nov. 1931. pp. 1910 -15.
WELDINGZischeile, M. Die Arbeitsseitermittluug Beim Lichobogenschweissen (Time Study in
Electric Arc Welding) Werkstattstechnik. . Sept. 1, 1931, pp. 414 -16, 4 figs.Determination of item requirements based on volume of fillet welds; interpre-tation of test data for different electrodes and dimensions of seams.
ADDRESSES OF MAGAZINES LISTED
American Gas Assn. Monthly, 420 Lexington Ave. New York, N. Y.American Water Works Assn. -J1., 29 W. 39th St., New York, N. Y.Bulletin of the Taylor Society, 29 W. 39th St., New York, N. Y.Coal Age, Mc Graw -Hill Pub. Co., 330 W. 42nd St., New York, N. Y.Factory and Industrial Management, McGraw -Mill Pub. Co., New York, N. Y.Glueckauf, Essen, Germany.Heat Treating and Forging, 108 Smithfield St., Pittsburgh, Pa.Institution Mech. Engrs.— Proc., London, England.Iron Age, 239 W. 39th St., New York, N. Y.Maintenance Engineering, McGraw -Hill Pub. Co., New York, N. Y.Management (A.S.M.E. Trans.) New York, N. Y.
859
1925 BroughtAlphabetic
Tabulation
1932 Brings
SUPER = SPEED
POWERS TABULATING EQUIPMENTSince Powers introduced alphabetic tabulation in 1925, im-
provement after improvement has been made available to usersof punched cards for complete accounting. In rapid successioncame Direct Subtraction, Automatic Printing of Grand Totals,the 90- Column Card —all Powers developments.
The crowning achievement arrives with 1932 — SUPER -SPEEDAlphabetical Equipment. Without sacrifice of the advantages ofdirect subtraction, of running grand totals, of card informationpunched in either 45 or 90 columns —an increase to tabulating andlisting speed of over 607o.
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Remington RandB U F F A L O , N E W Y O R K
T H E ALPH ABET ICAL PO WERSPRI N T S N AM ES A N D W O R D S AS WELL AS FIG URES
Mechanical World, 20 Bedford St., London, W.C. 2, England.Modern Machine Shop, 128 Opera Place, Cincinnati, Ohio.Montanistische Rundschau, Vienna, Austria.Paper Makers' Monthly -J1., 49, St. Mary Axe, London, E.C. 3, England.Pit and Quarry, 538 South Clark St., Chicago, Illinois.Power, McGraw -Hill Pub. Co., New York, N. Y.Sparwirtschaft, Vienna, Austria.Technik and Wirtschaft, Berlin, Germany.Verkehrstechnik: Charlottenburg, Germany.Werkstattstechmk; Berlin, Germany.Wood Working Industries, Fourth St. at Clinton, Jamestown, N. Y.
860
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