Uniform Cost Accounting System (Classic Reprint)

This publication is for the purpose of presenting to the lumber industry, theW est Coast Lumbermen sA ssociation Uniform Cost Accounting System which is built up upon correct accounting practice and sound economic principles. General use of this system within the industry will, through composite anaI jses, accurately reflect fundamental conditions, enabling the industry to so regulate its merchandising that it will not be the last of staple commodities, in an upward swing on a rising market nor the first on the downward swing, never rising relatively as high as other staples, and always falling relatively lower as has been the case with lumber in the past. The system will make it possible for the industry as a whole to appear before any tribunal and obtain justice, whether in the regulation of prices, returns ion capital investment, dealing intelligently with the labor problem, or in the enlighteiunent of the public in matters of industrial economics. Operators will know definitely what returns must be obtained to sustain the industry in a manner commensurate with the welfare of communities which are largely dependent upon lumber manufacturing for their prosperity and civic progress. The system eliminates guess-work from month to month as to the final outcome of the years operation in profit and loss statements. Each concern using theW est Coast Lumbermen sA ssociation Uniform Cost xiccounting System will know the industrys composite cost of lumber through its various phases or steps of manufacture, and may compare such costs with similar data for the individual operation. Each concern using the system will know in grde percentage what constitutes the typical log and returns therefor, which may be compared with its particular results. The system will enable a concern to determine its correct profits as a result of operation, excluding capital returns, for th
(Typographical errors above are due to OCR software and don't occur in the book.)