� FFICE O F T H E � ` v� � _ 7 + • A . C . A . R U T I . L T T L NII S E C R E TA R Y V� j lY i s bu llet in is pu b lis h ed semi - monthly by the Nat ion a l

S Madison Avenue Q ssociation of Cost Accountants, 385

New Yo rk Mad is o n Avenu e , New Yo rk

RAR , Y t 4 t h r e e sect ions— Se ct i on I I I

V O L . X V I I , N O . 2 S E P T E M B E R 15, 1935

CURRENT COST LITERATURE

This Section, which is issued on the 15th of each month, contains all the availablere fe re nce s t o cos t a r t i c l e s and cos t mat e r i a l pub 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 hos e re fe re nce s mar ke d wi t h an as t e r i s k ( a ) are ob t a i ne d f r om t h e E ngi ne e r -

ing I nd e x Se rv i ce . O t h e r re fe re nces a r e se cure d f rom the I ndus t r i a l A r t s I nd e x ,

publ ished by T h e H . W . W i l s on Co., 950 U ni ve rs i t y Ave. , N e w Y o r k , N . Y., and

al so f r om peri odicals rece ived at N at i onal He ad q ua r t e r s .

M e m be rs wil l no te tha t references have been placed on l y on one side of a shee t

so t ha t page s ma y be cl ipped and used in a pe r m an e n t c a r d file.

Ar r a n ge m e n t s have been ma de wi t h the E ngi ne e r i ng Socie t ies Li b r ar y to fu rn i s h

pho t os t a t i c cop i e s o f any o f t he a r t i c l e s p re ce de d by an as t e r i s k ( a ) . T he p r i ce o f e ach

pr i n t , u p t o 11 by 14 inches in size , is 25 cen ts plus pos t age . O r d e r s shoul d be sent

di rec t to the E ngi ne e r i ng Socie t ies Li b r a ry , 29 W . 39th St . , N e w Y o r k , N . Y. , and

shou ld incl ude al l de ta i ls a s t o vo lume , numbe r , pages , e tc. P ho t os t a t i c copies of

ar t i c le s not ma rk e d wi th an as t e r i s k canno t be prov ided .

To secure a copy of any of the publications here referred to, order direct

f r o m t h e p u b l i s h e r . Addre s s e s of peri odicals re fe r re d to in this issue wil l be found

on page 126.

A G R I C U L T U R E

Winspear, F. G. Some Aspects of A,yricid litral Accounting. The Canadian CharteredAccountant. August, 1935, pp. 88 -92.

See TruckingB A K E R I E S

B A N K S A N D BA N KI N G

Hetzel, Freder ick W. Scientific Account Analysis. The Bankers Magazine. August,1935, pp. 153 -60; September, pp. 285 -94. Ninth and tenth instalments of aseries of articles on accounting analysis of checking accounts.

Sun, C. M. Valuing the Batik's Assets. The Bankers Magazine. August, 1935, pp.131 -36.Accurate valuation of assets and cost calcula tion important elements in successfulbanking.

Woolley, E. S. H o w T o Obtain Bank Costs . The Bankers Magazine. August, 1935,pp. 179 -89; September, pp. 253 -63. Ninth and tenth instalments of a series ofarticles on bank cost accounting.

123

"COMPTOMETER" Peg -Board Combination

V E D1 = 1

YEARteter Control"

ient centralized control .'s the greatest value of themptometer" Peg -Board method.speed, simplicity and accuracybine to furnish up- to- the - minutere -facts on sales, production and+r activities. This is the experienceThe Fuller Brush Company —ae that stands everywhere for>d brushes."

Che `Comptometer ' Peg -Boardi," says R. S. Mason, in charge ofounting, "is best for us. Withsame accounting force, we have

ost eliminated overtime. Up topresent, we have saved more thanIO a year by the insta lla tion of thenptometer ' method. All this in the

of a very substantial upturn inbusiness volume.

'Comptometer ' bookless bookkeep-is working out very well on ac-

its receivable in our Industrialision. For the first time in years,are getting out customers' state -ts on the first of the month."

)r information on the application"Comptometer" machines and

hods to your particular problem:s, payroll, cost and other analyses,e or telephone any "Comp -eter" office, or Felt & Tarrant

....r,. Co., 1715 N. Paulina St.,Chicago, Il l.

C O M P T O M E T E RRFC: U. S . PA T. O FF .

BU D G E T SDunkerly, Roland. Budgetary Control —A Review. The Cost Accountant. August,

1935, pp. 68 -73.Paper submitted before the 6 th International Congress for Scientific Management;information collected by questionnaires; reports accumulated experience of someof the leading firms in England; data arranged by industries. This article isfollowed by a resume of budgetary methods in a ll European countries.

Mertens, N. J . Budgetary Control Benefits. Credit and Financial Management.August, 1935, pp. 10 -11 +.

CO N F E C T I O N E R YSee Overhead.

D E P A R T M E N T S T O R E SAtkinson, Sterling K. A Model Cost Control Plan for Delivery Organizations. The

Author, Columbia University. 1934. 124 pp.Case study illustra ting methods of analysis which can be used in securing greaterefficiency in delivery of merchandise to customers. Deals with department storesdoing an annual business of 2 -10 million.

D E P R E C IA T I O N , MA I N T E N A N C E , R E P A I R S A N D O B S O L E SC E N C EFitzgerald, A. A. Depreciation Over the Service Life of an Asset. Cost and Man-

agement. July, 1935, pp. 194 -99.Vara y, Henry. Reserves for Depreciation and Inflation. The Journal of Accountancy.

September, 1935, pp. 206 -8. '

F I N A N C I A L S T A T E M E N T SJones, Ralph C. Financial Statements and the Uncertain Dollar. The Journal of Ac-

countancy. September, 1935, pp. 171 -97.Sunley, W. T . Seen in Published Financial .Statements. The Certified Public Ac-

countant. August, 1935, pp. 462 -70.The first of a series of articles.

See a lso Government.

FO O D CO N T RO LRadel l, N . H. Accounting and Food Control. F. S. Crofts & Co., 41 Union Sq., New

York, N. Y. 1935. 270 pp. $3.See a lso Hotels— Lowrimore, C. S.

G ASSee Oil.

G O V E R N M E N THungerford, C. The Form of Government Accounts. The Chartered Accountant in

Australia. July 20, 1935, pp. 21 -28.The author suggests form for financial statements so tha t the public will not bemisled.

H O T E L SLowrimore, C. S. A Simplified Food Control and Cost Syste m for Restaurants and

Hotels. Pathfinder Service Bulletin. August, 1935, pp. 1, 4 -5.Romine, Edward C. Are Hotel Laundries Profitable f The Horwath Hotel Account-

ant. September, 1935, pp. 5 -8.Tables with comparison of commercia l and hotel laundry costs.

I N V E N T O R I E SDutton, H . P. Inventory Control. Factory Management and Maintenance. August,

1935, pp. S77 -S92.An Associa te Editor gives ten brief chapters on inventories.

Taggart, P . Valuation of Stock -in- Trade. Cost and Management. Ju ly, 1935, pp.208 -13.Inventory should be valued at cost unless conditions make this unwise; in thatcase, "repetit ion" cost is one possible basis of de- valuation.

124

BurroughsD U P L E X

C A L C U L A T O R

TWO SETS OF DIALS ELECTRIC CLEARANCEIndividual tota ls are obta ined in front A single tou ch of a key clea rs the frontdia ls; then, if desired, transferred to rear dia ls wi thou t t ra nsfer ring; another keydials for accumulation into a grand tota l. clears both dials simultaneously. BothThe two sets of d ia l s ar e wel l sepa ra ted opera t ions are electric. N o cranks toto a void confusion. turn; no levers to pull .

ELECTRIC TRANSFER FRACTIONAL CENTTou ching the transfer bar enters the T h e machine gives, o r takes, the half -amount of t h e individual total in rear cent as desired; or accumulates fractionaldia ls el ectr ica lly, and clear s front dia l s. amounts in the normal way.

OTHER ADVANTAGESFASTER SUBTRACTION Complete one -hand cont rol ; uni form,

E n t i r e l y n e w fe a t u r e p r o v i d e s t h e light touch for all keys; fast, positivesimplest method of su bt ra ction on any action; accuracy electrically enforced;key - actuated calcula ting machine. motor does the work .

The Duplex isJrtrnished in 9 and 13 column sizes. Write for illitstrated folder.

BURROUGHS ADDING MACHINE CO., DETROIT, aMICH.

See Hotels—Romine, Edward C. LAUNDRIES

MEAT PACKINGWeiss, A. Sales Accounting for Meat Packers. Food Industries. July, 1935, pp.

323 -24 +.MUNICIPAL

Harrison, H. A. Present Trends of Municipal Accounting. The Certified Public Ac-countant. August, 1935, pp. 386 -88.

OILSquire, Fred E. Oil and Gas Well Accounting. The Canadian Chartered Accountant.

September, 1935, pp. 174 -87.Includes a section on costs and expenses; leases.

OPTICAL — WHOLESALEStead, H. J. Shuron Accounting Service for the Independent Wholesaler. Shuron

Optical Co., Inc., Geneva, N. Y. 1935. 53 pp.Outline of a suggested accounting system for the wholesaler by which he maykeep account of equipment, personnel, output, cost of doing business, profits, etc.

OVERHEADKerwin, E. H. Allocating Overhead Expense. Executives Service Bulletin. August,

1935, pp. 3 -4.The Vice President of E. J. Brach & Sons, Chicago, tells their method of allo-cating overhead expenses in the confectionery industry.

POWER COSTS*Michel, E. Die Energiekosten im industriellen Erzeugungsprozess. Feuerungstechnik.

Vol. 23, No. 3. March 15, 1935, pp. 25 -26.Power and steam costs in industrial processes; correct and incorrect methods ofcalculating power costs briefly discussed.

*Weiss, F. Wirtschaftliche Betriebsfuehrung von Kessel —und Kraft- haeusern als.l'e6eub¢triebe. Waerme. Vol. 58, No. 14. April 6, 1935, pp. 224 -25.Economical operation of boiler and power houses; it is claimed that simple andprompt presentation of departmental steam - consumption data and relation ofboiler and power -house costs to total manufacturing costs, leads to rapid im-provement in overall economy.

PROMOTIONAL ENTERPRISESSmith, C. Aubrey. Balance- Sheets of Promotional Enterprises. The Journal of Ac-

countancy. September, 1935, pp. 198 -205.

RESERVESSee Depreciation—Varay, Henry.

SELLING AND DISTRIBUTIONSee Department Stores.

TEXTILE MILLSBennett, C. W. Sound Method of Distribution Overhead Essential to Accurate De-

termination of Woolen -Mill Costs. Textile World. July, 1935, pp. 1454 -56.*Williams, D. R. H. Costing and Production Control in Worsted Manufacture. Tex-

tile Manufacturer. Vol. 61, No. 727. July, 1935, pp. 289, 99 and 303.Cost - accounting system devised to apply to plant of 100 looms with finishing, butnot dyeing, machinery to follow; tables given. Before International Congress forScientific Management.

TIME AND MOTION STUDY*Bournes, N. Adjustment Factors in Time - Study. Mechanical World, Vol. 98, No.

2533. July 19, 1935, pp. 49 -51 and 56-57.All adjustments in time are made to capacity of man of average skill, effort, andconsistency who is working under average conditions; details for typical "leveling -factor" time -study sheet given.

125

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 by

remittance.

National Association of Cost Accountants385 Madison Ave., New York City

T R UC K IN GMotor Trucks in the Baking Industry. Bakers' Helper. 1935. 8 pp.

Shows the number of tru cks and kinds used in the bak ery industry in 1926, 1931and 1934; gives tires used and miscellaneous data .

WA G ES , S A L A R I E S A N D F E E SBernstein, Philip. Cost per Task. Factory Management and Maintenance. August,

1935, pp. 339 -40.Next month a second article will discuss cost per ta sk as a wage payment plan.Article by a time -study engineer and job analyst, Winchester Repeating Arms Co.

W E L F A R EBeck, Jr ., Howa rd C . Accounting for Cash Relief Expenditures. The Certified Pub-

lic Accountant. August, 1935, pp. 471 -73.Bentley, J. H. and Kelley, H. Costs of the Adjustment Service. American Associa tion

of Adult Education, 60 E. 42nd St., New York, N. Y. 1935. 49 pp. Report No. 8 .

A D D R E S S E S O F P U B L I C A T I O N S L I S T E DBakers' Helper, 330 S. Wells St., Chicago, Il l.Bankers Magazine, The, 465 Main St., Cambridge, Mass. (50¢).Canadian Chartered Accountant, The, 10 Adelaide St., Toronto, Canada. ($2 annually).Certified Public Accountant, National Press Bldg., Washington, D. C. (20¢).Chartered Accountant in Austra lia, 67 York St., Sydney, New South Wales, Austra lia .Cost Accountant, The, 23 Queen Sq., London, W. C. 1, England.Cost and Management, 50 Harbour St., Toronto, Ont. (50¢).Credit and Financia l Management, 1 Park Ave., New Y ork, N. Y. (25¢).Executives Service Bulletin, 1 Madison Ave., New York, N. Y. (Free to executives).Factory Management and Maintenance, 330 W. 42nd St., New York, N. Y . (350).Feuerungstechnik, Leipzig, Germany.Food Industries, 330 W. 42nd St., New York, N. Y. (254).Horwath Hotel Accountant, The, 551 Fifth Ave., New York, N. Y. (Fre e) .Journal of Accountancy, The, 135 Cedar St. , N ew York, N. Y. (350).Mechanical World, 20 Bedford St., W. C. 2 , London, England.Pathfinder Service Bulletin, 330 N. Los Angeles St., Los Angeles, Cal. (Free, if re-

quest on company letterhead).Textile Manufacturer, Manchester, England.Textile World, 330 W. 42nd St., New Y ork, N. Y. (350).Waerme, Berlin, Germany.

NoTe: 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. No attempt is made to price foreign publications because of fluctuatingrates of exchange.

126

" M o n r o e Velvet Touch,Speed, Portability, and StaminaSave Us Real Money" saysWeston Biscuit Company

Monroe compactness andportability make it easy touse a Monroe on wte sideof the desk for all kinds ofcalculating; on the otherside, another Monroe for

straight listing work.

A trip through the fine, modern plantof the Weston Biscuit Coat Passaic,N. J., is a liberal education in theversatility of Monroe equipment.On one desk is an Adding - Calculatorchecking invoices; they say it savedits cost in six months , and givesgreater first -time accuracy than adouble check on any other machine.

Operators are enthusiastic be-cause Monroe Velvet Touch lessensfatigue and raises efficiency. In theplant a List ing Machine tal l ies thecontent s of each case as i t goes ona belt from packing room to ware-house; this simple operation gives an

accurate, econom'cal record of pro-duction and a perpetual inventoryof stock.

Weston, a Monroe user for years,has found that Monroe sturdinessplus the service of Monroe -ownedbranches mean uninterrupted figurework.

There is a Velvet Touch Monroefor every kind of figure work, fromthe Adding- Calculator to the Mul-t iple Register Pos ter. A phone callto the nearest Monroe branch or aline to the factory will put one towork on your own figures withoutobligation.

Ol R_0EC A L C U L A T I N G M A C H I N E C O M P A N Y , I N C .

O R A N G E N E W J E R S E Y