N . A . C . A . , B u i r i r = r nDICE OF THE T hi s bu l l e t i n is pub l i shed se mi - mon t h l y by t h eE C R E T A R Y 2'f N a t i o n a l As s o c ia t i on o f Cos t A c c o u n t a n t s , 1790

O B r o a d w a y , N e w Yo r kq B roadwayNow York O In three sec t ions— Sect ion 111

Ifl1cJ 5

V O L . X111. N O . 1 0 ' J A N U A R Y 1 S . 1 9 3 2

! t h eA

CURRENT COST LITE TOur Cost Litera ture Bulletins, which are issued o f i f t e e n t h ' e a c h month,

' contain all the available references to cost articles an mataffal 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 728.

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 print. To avoid misunderstanding as to charges, orders for printsshould not ordinarily be placed until special inquiry as to the total 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. Orders 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 magazines referredto by ordering direct from the publisher.

Photostats of starred ( *) articles cannot be provided.

AUTOMOBILE INDUSTRY

Koch, R. Die Aufstellung von einem Fabrikations¢rogramm fuer eine Automobil-fabrik mit einer Belegschaft von 3000 Mann. (Production Program for Auto-mobile Plant with 3000 Employees) Automobil- Rundschau.. Oct. 20, 1931.pp. 403 -6.

Practical example illustrates method of organizing production ; ordering and handl-ing of materials ; cost calculation ; productive and unproductive wages ; distributionof overhead..

Wages and Hours of Labor in Motor - Vehicle Industry, 1930. Monthly Labor Review.Sept. 1931.

723

4of every

5great department stores inMetropolitan New Yorkcut costs with Co mptometers

Why do so many large department storesin the great retail center, New York, useComptometers? The reasons are:

(1) The tremendous savings made bysegregating figure -work.

(2) Comptometer SPEED . . , sonecessary in department -store ac-counting.

(3) The efficiency of planned, modernaccounting forms and proper work -routines, made possible by Comp-tometers.

One famous department store hasa sales- auditing cost (from the writ-ing of the check by the sales -clerkto the finished posting of the clerk'ssalary to the payroll sheet) of lessthan $2.50 per thousand transactions 1Another installed a battery of 30Comptometers and saved more than$30,000. In another, 12 Comp-tometers replaced 25 machines previ-ously used.

Similar savings are made by de-partment stores throughout the coun-try, small as well as large. A storein a Middle Western city of 56;000 population does a business oftwo million dollars a year. It putin 6 Comptometers and saved 50 percent in time and money. The man-ager states that he now gets thecashier's balance for the former daybefore 10 o'clock each morning.

Comptometers are used for everykind of department -store work : T H E C O M P T O M E T E Rsales auditing ; statistics ; accountspayable; accounts receivable. In

every line of business they bring newstandards of efficiency. The averagemininme saving for companies installingComptometers is $1,000 a year per ma-chine.

If you should analyze the figuring costsin your office, we believe you would u:eComptometers, as four out of five largeNew York department stores do now.Let a Comptometer representative showyou the savings that can be effected.Telephone the office in your city. Orwrite us direct.

Felt & Tarrant Mfg. Co., 1715 North PaulinaStreet, Chicago, Illinois.

M a d e o n l y by F e l t & T a r r a n t

C O M P T O M E T E R(Trade mark)

.4UTOM,4TIC,4CCUR,4CY

Average hourly earnings in motor,- vehicle industry decreased 2.6 cents from 1928-. – 1930, according to latest biennial survey of wa ges and hou rs of labor in that in-

dustry made by Bureau of Labor Statistics; other comparisons made with 1928,

1925 and 1922.

B R I C K A N D CLAY

Thor, P . Ein Beitrag zur Selbstkostenberechnung in Ziegeleien (Cost Accounting inBrickmaking Plants) Ziegelwelt. Oct. 29, 1931. pp. 303 -6, 1 fig.

Scheme described has been successfully applied in number of plants.

BU D G E T S

Bigelow, C. M. Budgeting. Wood Working Industries. Oct. 1931. pp. 17 -19, 23;

Nov. 1931. pp. 25 -28, 4 figs.Outline of importance; purpose and operating features of budgeting; master bud-get; sa les forecasting and relation to budgetary control plan; complexity of factors.

CO AL MI N I N G

Wedding, F . W. Leistungen and Kosden des Foerderbetriebes im Ruhrkohlenbergbau(Output and Costs of Transport in Ruhr Mines) Glueckauf. Oct. 24, 1931.pp. 1317 -33, 36 figs.; see a lso Iron Coal Trades Review. Nov. 20, 1931. p. 792.Review and analysis of replies to questionnaire, dealing with various transportsections; effect of improvements in mechanization.

CO S T AN D F AC T O R Y A C C O UN T I N G

Hodgetts, W. E . Engineering Costs by Aid of Electrical Machines. S. African

Instn. Engr s. -J1 . Sept. 1931. pp. 29 -44, 12 figs.

D E P R E C I A T I O N , M A I N T E N A N C E , R E P A I R S A N D O B S O LE S C EN C E

Blum, L. D. Depreciation Allowance for Federal Income Taxes. American Wa terWork s Asn. -J 1 . Nov. 1931. pp. 1982 -87.

LA B O R — W A G E S Y S T E M S

Freund, K. Entlohnung and Betriebsueberwachung (Wage Paym ent and Produc tionControl) Maschienbau. July 16, 1931. pp. 474 -77, 4 figs.Effects of production methods, organization and time study on choice of wagepayment plans; graphical representation of relations.

O IL

Bultmann, R. A. W. Compressor Plant Operating Costs. Petroleum World (LosAngeles) Oct. 1931. pp. 28 -29, 2 figs.

Method of computation suggested which will give data on plants operating undervariety of conditions so as to permit direct comparison of costs.

Stephenson, W. A. Lease Accounting Problems. Oil Bulletin. Oct. 1931. pp. 719, 739.Items of expenditures usually involved in securing oil and gas lease; any paymentsto acquire, perfect and hold ti tle to oil and gas reserves, if made before propertyis developed, should be capitalized as cost of reserves.

724

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at one time with this new Burroughs;Makes the analysis and dist ribut ion

while post ing other records

Think of the number of account ing time and labor saved, as well as thejobs where i t would be of decided errors el iminated, by pos t ing andadvan tage to pos t two or more re - distributing i t ems at the same t ime.lated records at one t ime and, at thesame t ime, comple te the d i s t r ibu- You may ar r ange for a demons t ra -t ion . . . especia l ly on such work as tion of th i s new machine , wi th theaccounts rece ivable, accounts pay- neare s t Bu r roughs of fi ce . . . or , i fable, payroll , general ledger, stores you prefer, wri te direct for com-r e c o r d s , c o n s o l i d a t i o n o f b r a n c h p l e t e i n f o r m a t i o n c o n t a i n e d i n a

reports, and so on . Think of the special illustrated folder.

B U R R O U G H S A D D I N G M A C H I N E C O . , D E T R O I T , M I C H I G A N

Distributes items to as manyas 10 separate classificationsin zo columns or in onecolumn.

Automatically provides totalof each classi fication and agrand total of al l , withoutrelis ting.

No copying figure by figurefrom totalizers —a single keydepression prints each total.

Each item is automaticallydesignated asitis distributed— s ep ara te d e s ign a t io neach accumulat ing regis

Automatically tabulatestween columns.

Automatically aligns dollunder dol lars and ccunder cents.

` r , 0 -U `h

PRODUCTION CONTROL

t ' Eichwald, E. Arbeitsvorberettung im Konstructionsbuero (Work Preparation andDesigning) Maschinenbau. July 16, 1931. pp. 461 -66, 5 figs.Advantages of economical designing with particular regard to utilization of stand-ard (DIN) ; procedure of keeping records, setting up specifications, and makingthose existing available to designer.

Reich, P. Kostengefaelle, Losgroesse wind Normung (Cost, Lot Sizes and Standardi-zation) Maschinenbau. Sept. 3, 1931. pp. 553 -59, 14 figs.

Increase in quantity production by application of standardization; graphical cal-culations of possible economies; evaluation of new production methods by graph-

ical extrapolation.

PUBLIC UTILITIES

Behrmann, W. Der Kraftfahrzeugbeteieb (Motor Vehicle Operation) AutomobileRundschau. Nov. 5, 1931. pp. 426 -27, 4 figs.Determination of operating costs for motor vehicles with particular regard topassenger car; graphs illustrate relation between fixed and variable cost items.

PUBLIC UTILITIES —GAS

Davidson, H. C. Developments in Three Years of Merchandise Accounting. GasAge- Record. Nov. 7, 1931. pp. 688 -89.Purpose of merchandise classification; criticisms of classification; study of load -

building statistics.

Davies, N. H. Principles and Practice of Monthly Accounting -111. Gas World.

July 25, 1931. pp. 80-82.Details of process of actual transfer of accounting records.

PUBLIC UTILITIES — RAILROAD

Cavenaugh, C. I. Hidden Costs of Company Material. Railway Age. Sept. 5, 1931.

pp. 367 -69, 1 fig.Opportunities for economies in reducing surplus stocks, shortages and excessivehandling and other waste; excessive transportation costs.

Motorized Material Handling Well Developed on C. and 0. Railway Age. Oct. 31,

1931. pp. 667 -72, 19 figs.Supply and shop work benefit by systematic operations of large tractor equipment,cost and man -hour studies made; color -light signals; tractor schedules; haulagefor shops extensive; special equipment for shops; use of lift trucks; tractor cost

data.725

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chant Duplex you get your extensions andgrand totals in one operation.Think what that means to you on invoices,payrolls, inventories, estimates ... any work 'where grand totals are needed.Automatic mills clearance, too — calculationsrounded out to nearest cent.Investigate the time and money savings madeby the Marchant Duplex! Phone our loadrepresentative or write us. Sales and serviceoffices the world over.

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M A C H I N E T O O L S

Frank, T . B. Machine Tool Plant Keeps Separate Costs for Engineering Wo r k .Iron Age. Dec. 10, 1931. pp. 1475 -78, 6 figs.

Estimate sheet used by Cincinnati Planer Co. on all development work, withcolumns showing items of estimated cost and actual cost.

Tracy, G. S. Replacing Equipment to Decrease Sales Resistance. AmericanMachinist. Nov. 12, 1931. pp. 743 -53, 17 figs.

Replacing policy of Geometric Tool Company, New Haven, Conn; productioncapacity doubled with floor space reduction by 60 per cent.

ME C H A N I C A L D E V I C E S

Adams, W. P. Accounts Necessary for Mechanical Billing Equipment. AmericanWa ter Work s Assn. -J 1 . Nov. 1931. pp. 1895 -99.

Minimum number of accounts necessary to justify application of machines andmachine methods on basis of economic savings; public relations; cost of mechanicalequipment.

Hodgetts, W. E. Engineering Costs by Aid of Electrical Machines. S . AfricanInstn. Engrs. —J 1. Sept. 1931. pp. 29 -44, 12 figs.

MI N I N G A N D M E T A L L U R G Y

Balliet, L. "Price" and "Cost" of Labor in Mining Gold . Mining Review. Sept. 15,1931. pp. 10 -11.

Economic analysis of elements of labor costs; prosperity cannot be brought backby taking it out of labor 's pay; reduction of 10 per cent in wage reduces theoreticalcost only 3 per cent of whole and it destroys spirit and interest of workers inwork.

M U N I C I P A L

Adams, W. P. Accounts Necessary for Mechanical Billing Equipment. AmericanWater Works Assn.—J 1. Nov. 1931. pp. 1895 -99.

Minimum number of accounts necessary to justify application of machines andmachine methods on basis of economic savings; public rela tions; cost of mechani-cal equipment.

Bailey, L. M. What Are Advantages o f S tub Accounting? Amer ica n Water Work sAssn. —J1. Nov. 1931. pp. 1887 -90.

Analysis of various steps of work ; manner in which stub plan lends itself toeffecting economy.

726

"On all kinds of distribution

NATIONAL ACCOUNTING MACHINE;show remarkable results''

For a clothing ma n ufa ct u r ertwo mach ines are saving$2,000 a yea r on sales anal-ysis and get t ing r esul ts out ontime and without over time.

For a wholesale dry goodsc o n c e r n t w o N a t i o n a l ma-ch in es pa id for th emsel ves i na yea r a n d a h a l f .

A ba ker cut the cost of dis-t r i b u t i n g p r o d u c t i o n costs7 5 % gets out his recor ds i none fi ft h th e t i me, saved $30a month on sta t ionery.

A gl a ss ma n ufa ct ur er usi n g ac o m b i n a t i o n a n a l y s i s a n d

post ing ma ch i ne saves $2, 400a yea r over p r evi ous m et h od .

Oth er exa mpl es a re numerousin pract ica l ly every kind ofbusiness. Wh e r ever figuresmust be a nal yzed or post ed orbot h , Nat i on al equi pm en t canbe used to deci ded a dvan t age.

C h e c k w i t h t h e N a t i o n a lr ep resen t a t i ve on an y prob-l em s you m a y m e et . He ca nsh ow t h e wa y t o lower con sand quicker resul ts. Th eN a t i o n a l C a s h R e g i s t e rCom pan y, Dayton , Ohio.

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L

Bankson, E. E. Accounting Records for Physical Plant. American Water Works,e� Assn.-J1. Nov. 1931. pp. 1962 -81.

Recording of physical plant, as fixed capital; experience in appraisal and valuationwork; methods of number of water works in various sections of United States.

Blum, L. D. Depreciation Allowance for Federal Income Taxes. AmericanWater Work Assn.-J1. Nov. 1931. pp.1982 -87.

General discusion, and table of depreciation allowances for various water worksstructures suggested by United States Treasury Department.

Chapin, O. K. Permanent Meter Re ading Boo k versus Temporary Meter ReadingSlips. American Water Work s Assn.-J1. Nov. 1931. pp. 1900 -3.

Au t h o r re comme nds compos i t e use of bo th me t hods .

Hoot, R.A. Insta lling Accounting Systems in Small Plant. Amer ica n Water Work sAssn.—J1. Nov. 1931. pp.1884 -86.

Author 's experience in insta lling water works accountings systems in towns vary-ing from 3000 to 20,000 in population.

Johnson, H. J . Printed Forms and Their Control. American�Water�Works�Assn.�—

Jl. Nov. 1931. pp. 1904 -9.

Causes for system failures; elimination of waste; proper filing; designing forms;standardization of forms; systems and planning department; authorizing newforms; analyzing form requirements.

Business Operation of Municipal Water Works. Am. City. Nov. 1931. pp. 84 -87.

Administration and management of Municipal Water Works of Waterbury, Conn.;public vs. private ownership and operation; continued operation of systems bycity as business enterprise; bases of water rates ; service charges and quantitycharges; varying quantity rates; "block" plan of differential rates for larger con-sumption; fire protection.

WOODWORKING

Bigelow, C. M. Budgeting. Woodworking Industries. Oct. 1931. pp. 17 -19; Nov.1931. pp. 25 -28, 4 figs.

Scribner, C. F. Profitable Plans for Medium Sized Plant —II. Wood WorkingIndustries. Nov. 1931. pp. 20 -22, 1 fig.

D e vi s i ng cos t pl ans t ha t pe rmi t p rompt use of fac t s fo r pu rpos e of exe cut i ve

control and guidance.

727

The Punchwi th A u tomat i c

Back Spacer

P O W E R S TA B ULA TI N G EQUIP M ENTPictured above . . . the Powers Automatic Key Punch. Auto-

matic, we repeat ... electricity does the work ... feeds the cards,punches them, ejects them, returns the carriage. Even the backspacer is electrically powered.

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The Powers Automatic Key Punch may be applied to either 90-or 45- column cards . . . used to punch alphabetical information. . . employed to repeat or duplicate data when desired. Anexclusive Powers development permits synchronization of the Punchkeyboard with that of a Remington Accounting Machine. In thisway cards may be punched as an effortless by- product of some otheressential bookkeeping operation.

The full story of MODERNIZED Punched- - - - Card Accounting, the Powers Speed Method, is

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A D D R E S S E S O F M A G A Z I N E S L I S T E D

American City, 470 Four th Ave., N ew Y ork , N . Y.American Machinist , McGraw -Hill Publishing Co., 10 th Ave. a t 3 6th S t ., New Y ork ,

N. Y .America n Water Works Assn.—J 1., 29 W . 39th St . N ew York, N . Y .Automobil - Rundschau, Berlin, Germany.Gas Age - Record, 9 West 38th St., N ew Y o rk , N . Y.Ga s Wor ld , 8 Bou verie St., London, E. C. 2 , England.Glueckauf, Essen, Germany.Iron Age, 23 9 W. 39 th S t ., N ew York , N . Y .Iron & Coa l Trades Review, 4 9 , Wellington St., Strand, London, W. C. 2 , England.Maschinenbau, Berlin, Germany.Mining Review, Walker Bank B ldg., Salt Lak e C ity, Utah.Monthly Labor Review, Government Prin ting Office, Washington, D. C.Oil Bullet in, 510 W. 6 th St., Los Angeles, Cal if.

Petroleu m World, Los Angeles, Calif.Railway Age, 30 Church St . , N ew Y ork , N . Y .S. Afri ca n Instn. Engrs. —Jrl. , Johannesburg, So. Africa .Wood Working Industr ies, Four th St. a t C linton, Jamestown, N . Y .Ziegelwelt, Halle , Germany.

728

Would you throw that overagain to drove it's a seven ?

Y OU see it's a seven. You instantly check it's a seven. Youknow it's a seven. It is proved beyond shadow of doubt.

So it is with business figures calculated on The New NoiselessMonroe. You have instant "Spot- Proof" of the accuracy of eachstep in every problem as that step is done. And the accuracy ofthe final answer is "Spot- Proved" right on the machine.

Find out what refiguring to prove the accuracy of figures is cost-ing your business. It is a cost that Monroe "Spot- Proof' cando away with.

The pamphlet "Spot- Proof' will give you further informationabout this far - reaching, new economy in business figuring. Itshows such definite problems as a payroll, an invoice and a pro-ration, done the Monroe "Spot- Proof' way. Write your name andaddress on the margin of this page and send it in for your copy.

MONROE CALCULATING MACHINE COMPANY, INC.ORA NGE NEW JERSEY