Excerpt from How to Find Manufacturing Costs and Selling Costs The question of cost is a vital one to every manufacturer, and while it is true that most manufacturers realize this, there are many who have to learn the underlying principle, the basic law of cost, which is that Labor plus Material plus Expense equals cost. In the earlier days cost accounting was not given the consideration it is now. It was not given the attention it deserved, but as competition grew keener it became necessary to know how much the manufacture of goods was costing and to know as soon as possible after the material was made, and in many cases to figure in advance the probable cost, which required making an estimate. Now there are few manufacturers who do not figure out their costs, and while the information contained in this work is not to be considered final, it is the outcome of experience gained in the cost accounting departments of many different concerns. The subject naturally divides itself into two parts, Manufacturing cost and Selling cost, the first having to do only with the manufacture of goods, the second with their sale. 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.