v N . A . C . A . B U L L E T I NF I C E O F T H ES E C R E T A R Y

! jTh is bu lle t in is p u b lis h ed semi-mon th ly by th e Na t io n a l

Madison AvenueNew York

Q O Association of Cost Accountants, 385Madison Avenue, New York

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In four sections— Section III

V O L . X V I I , N O . 8 D E C E M B E R 15, 1985

CURRENT COST LITERATURE

T h i s Se ct ion, wh i ch is i ss ued on the 15t h of e ach mon t h , con t a i ns a l l the avai labl ere fe re nc e s t o co s t a r t i c l e s and cos t ma t e r i a l p ub l i s he d fo r t h e mo s t p ar t du r i ng t he p as t

mon t h . T ho s e re f e re nce s m ar ke d wi t h an as t e r i s k ( *) ar e ob t a i n e d f r om t he E n gi ne e r -

i ng I nd e x Se rv i ce . Ot h e r re fe rence s ar e se cure d f r om the I ndus t r i a l A r t s I nd e x ,

published by The H . W. Wilson Co., 950 University Ave., New York, N. Y., andalso from periodicals received at National Headquarters.

Arrangements have been made with the Engineering Societies Library to furnishphotostatic copies of any of the articles preceded by an asterisk ( *). The price of eachprint, up to 11 by 14 inches in size, is 25 cents plus postage. Orders should be sentdirect to the Engineering Societies Library, 29 W . 39th St., New York, N.Y . , andshould include all details as to volume, number, pages, etc. Photosta tic copies ofarticles not marked with an asterisk cannot be provided.

T o s e c u r e a c o p y of a n y o f t h e p u b l i c a t i o n s h e r e r e f e r r e d t o , o r d e r d i r e c t

f r o m t h e p u b l i s h e r . Addre s s e s o f per iod ica ls re fe r re d to in th is issue wil l be found

on page 450.

AC C ID E N T S

*Carruthers, A. C. Safety Editor Describes Hidden Costs of Accidents. SafetyEngineering. Vol. 70, No. 4. October, 1935, p. 129.Statistical data ; items which constitu te hidden accident cost. From paper beforeMaine Industrial Safety Conference.

AU D I T I N G

Practical Points in Auditing. The Chartered Accountant in Australia. October21, 1935, pp. 157 -76. Report writing, by J. Wallace Ross; Investigations, byF. W. Spry; Scrip Audits, by W. M. Scott.

B A N K S A N D BA N K A C C O U N T I N G

Hetzel, Frederick W. Scientific Account Analysis. The Bankers Magazine. No-vember, 1935, pp. 467 -72.Twelfth in a series of articles on account analysis of checking accounts. Thearticles will be published in book form sometime this winter.

Woolley, E. S. How to Obtain Bank Costs. The Bankers Magazine. November,1935, pp. 473 -81. Twelfth in a series of articles on bank cost accounting.

CH E M IC A L SOs t l und , H . J . Pro b l e m s of Cost 9ccount ing . Oi l , P a i n t and D r u g R e por t e r .

Extra . Ed. October 15, 1935, p. 37.447

THEY ARE GETTING FIGURES

5 Days EarlierSPEED . . . ACCURACY. . . ECONOMY are beingeffected by accounting execu-tives who have investigatedthe possibilities of the "Comp-tometer"— Peg -Board methodas applied to sales, costs, pro-duction, expense, inventorycontrol, and other analyses.

It is adaptable to practicallyevery line of business and canbe used effectively and eco-nomically in both large andsmall organizations.

The "Comptometer" — Peg -Board application at the W.F. Schrafft & Son Corporationof Boston — a name whichstands for quality candy —shows how this combinationapplies to their particularfigure work with the followingresults:

at SCl{RAFFZS

1. Figures on sales analysis, cost, pro-duction, and inventory control offinished goods are now ready five daysearlier.

2. A yearly saving of $3000 overmethod previously used.

These economies are made possiblesimply by utilizing figures taken directfrom originating point and using them,without copying, to produce final re-sults. Accuracy is assured by the use oforiginal figures, eliminating errors dueto posting.

If you would l ike to know more about3. Figure information is more complete the "Comptometer " — Peg -Board combi-

and more accessible. nation, communicate with any "Comp-tometer" office or write to Felt &

4. Seasonal peaks handled without over- Tar ra nt Mf g. Co., 1715 North Paulinatime. Street, Chicago, Ill inois.

COM PTO MET ERReg. U. S. Pat. Off.

CO ST AC CO UN T I N G

Has Cost Wo r k Gained or Lost in Importance! Cost and Management. November,1935, pp. 322 -27. To be continued.Replies to questionnaire sent by Canadian Society of Cost Accountants and In-dustrial Engineers.

Tarrant, J . Cost Finding Simplified. Inland Printer. October, 1935, pp. 61 -65.

ECO N O M ICS

Gaskill, Nelson B. Profit and Social Security. Ha rper & Bros., 49 E . 33rd St.,New York, N. Y. 1935. 260 pp. $3.50.A study of costs, claims and controls under capitalism. Discusses free compe-tition and more rigid price structures.

G O V E R N M E N T

Payne, John B. Auditing and Accounting for the Agricultural Adjustment Ad-ministration. The Certified Public Accountant. November, 1935, pp. 649 -66.Article by the Controller of the A. A. A.

G RA IN

Aitken, William. Procedure and Accounts Relative to Grain Exporters and Shippers.The Canadian Chartered Accountant. January, 1935, pp. 8 -37.

ICE CR EA M

Credicott, E. W. Wh a t I s the Cost of Serving Ice Cream to Small Dealersf TheIce Cream Trade Journal. November, 1935, pp. 29 -31.

IN VEN T O RIES — VALUAT IO NElliott, V. L. Inventory Valuation and Profits. Executives Service Bulletin. No-

vember, 1935, pp. 3 -4.The Controller of the Atlantic Refining Co. describes the plan of valuationformerly in use and outlines the uniform method recommended through theAmerican Petroleum Institute.

IRO N A N D S T E E L

*Schmidt, G. Die Organisation des Terminwesens auf Huettenwerken, besondcrsWalzzverken. Archiv fuer das Eisenhuettenwesen. Vol. 9, Nos. 1 and 2, July,1935, pp. 63 -72 and August, pp. 117 -25.Organization of contract work in iron and steel plants, especially rolling mills;general considerations of relation between time and work ; allocation of workand cost accounting; tables, charts, bibliography.

M I N E S A N D MI N I N G

*Hinz, A. Der Einfluss von Ausnut4ungsgrad urd Antirebskosten auf die Wirt -schaftlichkeit von Bergzverksmaschinen. Glueckauf. Vol. 71, No. 21. May25, 1935, pp. 485 -94.Influence of degree of utilization and driving costs on economy of mining ma-chines; attention drawn to discrepancy in cost analysis of drive and tota l operatingcosts; total operating costs of mine ventilating fan and mine hoist given asexamples of high and low degree of u til iza tion of electric, steam or compressed -a ir drive.

*Brinton, C. P . Conveyor System at Barnesboro Mines (coal) . Mining CongressJotirnal. Vol. 21, No. 4. April, 1935, pp. 27 -29.bDescription of conveyor loading method and practice at mine in Pennsylvania;time study data.

*Russell, A. L. Wh e n Small Operator Figures Costs. Engineering and MiningJournal. Vol. 136, No. 10. October, 1935, pp. 503 -4.Flexible but definite system is recommended wherein separate account is setup for each and every part of work.

448

TO ccounta n sWH O ARE HELPING THEIR CLIENTS

OBTAIN MORE DETAILED INFORMATION

ABOUT I N D I V I D U A L EMPLOYEES

PAYROLLANDEARNINGSRECORDS

While you are helping your clients meet any new requirements forinformation about earnings and deductions records of individualemployees, be sure to investigate Burroughs new machine develop-ments affecting this work.

There are now many types and styles of Burroughs machines forhandling this work, such as machines which compute earnings andprepare individual's earnings record, payroll sheet, pay check or pay

envelope all in one operation. They also automatically accumulatesuch labor statistics as hours, earnings, various deductions, and netpay for any period. In fact, much of the needed earnings and deduc-tions information can be obtained as a by- product of the regularwork of these machines.

Our local office will be glad to demonstrate these new machines,and show you how they can be applied to your problem. You maytelephone, or call at, our local office; or write direct to Detroit.

B U R R O U G H S A D D I N G M A C H I N E C O M P A N YD E T R O I T , M I C H I G A N

RBurrouv'hs

M U N I C I P A L

Griffiths, A. B. Municipal Accounts. The Incorporated Accountants' Journal. No-vember, 1935, pp. 51 -58.

PA Y R O L L T A X E S

Summary of Federal Social Security Act: As It Will Be in Effect During theYear 1936. Typothetae Bulletin. December 1, 1935, pp. 54 -55.Illustra tes weekly pay -roll record form.

Willys, A. Tares and Records. Pathfinder Service Bulletin. November, 1935, pp.1, 4 -6.The Social Security Act and state unemployment insurance acts.

PO WER —CO ST SGaylord, William W. Paper Cost of Diesel Power. Factory Management and

Maintenance. November, 1935, pp. 474 -75.Paper costs will be a long way from the truth unless proper allowance is madefor all items of fixed, operating and maintenance expense.

P O W E R P L A N T S

*Bar ry , E. H . Power Plant Costs in Relation to Production Costs. Paper Industry.Vol. 17, No. 8. November, 1935, pp. 563 -65.Selection of accounting method for adaptation to needs of plant.

*Running Costs of Oil- Engine Generating Stations -25. Power Production forHosiery Machinery Manufacture. Oil Engine. Vol. 3, No. 26. June, 1935,pp. 48 -49.Crossley 180 -bhp vertical 4- stroke engine generating current at inclusive costbelow Y4d per unit, and saving operators over 2s per hr., as compared withpurchased current at ld per unit.

P R I N T I N G

Lawrence, W. B. The Cost System and Your Profits. Photo Engravers' Bulletin.October, 1935, p. 3.Classified in the Typothetae Bulletin of November 15 as one of the leading currentarticles on the printing industry.

PU BL IC U T I L I T I E S

Webber, J . M. Costing Systems for Gas - Works. Gas Journal. October 23, 1935,pp. 265 -68.

See also Real Esta te.

RA I L RO A D S

*Report of Committee XI— Records and Accounts. American Railway EngineeringAssociation — Proceedings. Vol. 36. 1935, pp. 383 -438; discussion pp. 1054 -59.Revision of manual; bibliography; reports and records required for budget con-trol; property records and property valuation; changes or revisions in I. C. C.classification of accounts.

RE A L E S T A T E

Watson, A. Land Lease Accounting of the Columbia Gas and Electric Corporation.American Gas Association Monthly. November, 1935, pp. 416-17+.

ST AT EMEN T S — FIN AN CIALSunley, 11'. T . Seen in Published Financial Statements, The Certified Public Ac-

countant. November, 1935, pp. 682 -91.Third in a series of articles which gives excerpts from actual statements.

449

OFFICIALN.A.C.A. LAPEL BUTTON

Now Available at

Reduced Price of $1.50

Every member of the Association ought tohave an Official Button to wear at Chaptermeetings, National gatherings and other busi-ness conferences.

These buttons are a reproduction of the sealof the Association in blue enamel on a goldplate base. They constitute a distinctiveemblem —a worthy evidence of your affilia-tion with the N. A. C. A.

The price is $1.50. Orders should be sent toNational Headquarters accompanied byremittance.

National Association of Cost Accountants

385 Madison Ave., New York City

,1ST O R E S SY S T E M S A N D ST O C K CO N T R O L

*Koch. Der Durchlauf des Materials innerhalb der einzelnen BetriebsaGleillaigeu.Werkzeugmaschine. Vol. 39, No. 14. July 30, 1935, pp. 305 -12.Flow of material within various plant departments; development of system ofcards for materia ls requisitions, materials purchasing, inventory, requisition fromstorerooms, etc.

T A X A T I O NSee Payroll Taxes,

WAG ES, S A L A R I E S A N D FEES —BO NUSCook, E. E. Bonus for Inspectors. Factory Management and Maintenance. No-

vember, 1935, pp. 460 -61.The Coleman Lamp & Stove Co. of Wichita, Kans., sets base ra tes from standardtime elements and has to time -study only one in 10 of some 1,200 piece partsinspected.

A D D R E S S E S O F P U B L I C A T I O N S LI S T E D

American Gas Association Monthly, 420 Lexington Ave., New York, N. Y. (250).American Railway Engineering — Proceedings, 59 E. Van Buren St., Chicago, Ill.Archiv fuer das Eisenhuettenwesen, Duesseldorf, Germany.Bankers Magazine, The, 465 Main St., Cambridge, Mass. (500).Canadian Chartered Accountant, The, 10 Adelaide St. E., Toronto, Out., Canada ($2

annually.).Certified Public Accountant, National Press Bldg., Washington, D. C. (200).Chartered Accountant in Austra lia , 67 York St., Sydney, New So. Wales, Australia.Cost and Management, 50 Harbour St., Toronto, Ont., Canada (500).Engineering and Mining Journal, 330 W. 42nd St., New York, N. Y. (50¢).Executives Service Bulletin, 1 Madison Ave., New York, N. Y. (Free to executives).i actory Management and Maintenance, 330 W. 42nd St., New York, N. Y. (350).Go: Journal, 11 Bolt Court, Fleet St., London, E.C.4, England.Glu •ckauf, Essen, Germany.Ice Creant Trade Journal, 171 Madison Ave., New York, N. Y. (250).Incori ora ted Accountants' Journal, Accountants' Hall , Victoria Embankment, London,

M?, -.2, England.Inland . 'r inter, 205 W. Wacker Dr., Chicago, I11. (400).Mining 'ongress Journal, Munsey Bldg., Washington, D. C. (300).Oil Paint and Drug Reporter, 12 Gold St., New York, N. Y. (150).Oil Engine, 5 -17 Rosebury Ave., London, E.C.1, England.Paper Industry, 333 N. Michigan Ave., Chicago, Ill. ($2 annually, mo.).Pathfinder Service Bulletin, 330 N. Los Angeles St., Los Angeles, Cal. (Free, if

request on company letterhead.) .Photo Engravers Bulletin, 166 W. Van Buren St., Chicago, Ill. ($3 annually, mo.).Safety Engineering, 45 John St., New Y ork, N. Y. (250).Typothetae Bulletin, 14 and K Sts., Washington, D. C. (50).Werkzeugmaschine, Mauerstrasse 44, Berlin W . 8, Germany.

NoTF : The prices given above, unless otherwise indicated, are for single issuesonly. Where the annual subscription rate appears, the price of single issues is notlisted. Where no price is given, the rate may be obtained by writing direct to theaddress listed. INTO attempt is made to price foreign publications because of fluctuatingrates of exchange.

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