Excerpt from Principles of Cost: Address by Mr. J. W. McCall, Gibson City, Illinois, Delivered at National Canners Convention, Milwaukee, 1911 Again, the manufacturer who operates his factory on the basis of the cost of material and of flat labor, adding a percentage to cover non-productive labor, manufacturing expense and general expense, as well as contemplated profits, is no nearer solution of the problem of factory costs than the one relying simply on the prices charged for similar goods by other concerns. This brings the problem right home to the canners, and it is an unquestioned, though unfortunate, fact that most prices quoted by them are based upon those of the competitor who was anxious to get his books filled with future orders, and quoted prices on futures early to get in ahead of the others. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.