Estimating the Cost of Work With Special Reference to Unstandardized Operat
Estimating the Cost of Work With Special Reference to Unstandardized Operat
William Burder Ferguson
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a Salaries of manager and superintendents. b Salaries of foremen and leading men. c Cost of inspection. d Shop office expenses, including building factor. e Special offices, including building fac- tor. (6) TOOLS AND EQUIPMENT. a Interest, insurance, depreciation. b Maintenance and repairs. c Operating supplies, oil, waste, etc. d Tool room charges. e Jigs, dies, templates. 120 ESTIMATING THE COST OF WORK ities provided by the management to the operators to assist production, when we come to co...mpare the total cost of operations which are comparable. This rental value of facilities represents the outlay by the man- agement for " preparation " for efficient "op- eration" by the workmen, to enable them to turn out the largest output in a given time with the least effort. This preparation by the management is entirely analogous to what we termed " preparation " by the work- men, in discussing the direct labor costs of work; they are both incidental to production, both a legitimate and necessary part of total cost of production.
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