Accounting Practice

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77 3% 3% 2% 4- General Expenses, 3 766. 55 9% 8% 7 c 5- Manufacturing Cost, 347 623. 03 IOO*/^ 93% 78% 6.
Selling Expenses: Commission and Guarantee, 28 941 . I i r- / * 6% 7- Whole Cost, 376 564. 14 100^ 84% 8.
Profits for the year 1901, 69 47 1 -37 1 6% 9- Sales, 446 035. 51 ioo r o REPORT FORM No. I. (For report, see Report Forms Nos. 13 and 14. ) 227 PERCENTAGES OF THE VARIOUS ELEMENTS OF COST (COMPOUND).
Percent- age of Manfg. Cost.
Percent- age of Whole Cost.
Percent- age of Sales.
Cost o
...f Material, 201 040. 69 62% 56% 47% Cost of Labor, 101 342. 17 31% 28% 24% Manufacturing Expenses, Manufacturing Cost, 21 874. 60 7% 100% 6% 90% 5% 76% 324 257. 46 Inventory of Merchandise, Dec. 31, 1900, 117 394. 11 Purchases of Merchandise during year, Total, 140 291. 87 581 943-44 Deduct: Inventory of Mer- chandise, Dec. 31, 1901, 94 762 . 18 9% 76% Cost of Sales, 487 181. 26 Selling Expenses, Whole Cost, 54 892. 13 10% 100% 9% 85% 542 073. 39 Profits for the year 1901, 93 874. 60 15% 100% Sales for the year 1901, 6 3S 947-99 REPORT FORM No.

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