Uniform Cost Systems

Progress, Volume XIV, Issue 6, 1 February 1919, Page 434

Uniform Cost Systems

The members of the White and Sugar Pine Manufacturers Association, of California, have decided to adopt a uniform system of accounting. The step is a progressive one. By standardising accounting it is possible to make comparisons of costs that are comparable. There is no single factor in association work that is so helpful to the membership as a standardised form of accounting. It allows each member to have a check •on his costs. If he finds bis neighbour is performing any single service at less than himself he can immediately commence an investigation. The Federal 1 Trade Commission, has rendered very excellent, service in constantly bringing before the lumber industry .the necessity not only for standardising accounting, but for making sure that every item of cost has entered into final presentation. In many individual cases reports show that essential elements of cost have been overlooked, .