Far from being an improvement on a simple system of prime cost, it is probable that it may easily, by inducing a false security, be positively dangerous and worse than no system at all.
12.
Then suspense was again debited and finished goods and work in process were credited, bringing the inventory accounts back to a prime cost basis and leaving total overhead cost as a balance in suspense.
13.
The Daily Order for the Highland Regiment in North America stipulated that : " Spruce beer is to be brewed for the health and conveniency of the troops which will be served at prime cost.
14.
He was " an early advocate of integrating cost and financial accounts, but his preferred treatment of overhead costs was to bring them into contact with prime costs only at the end of an accounting period ."
15.
Central to the relationship with Marks was the pioneering Bovis System contract, designed to bring the interests of the contractor and client together : the Bovis System pays the builder the prime cost of the work plus an agreed fee to cover overheads and profit.
16.
The travel writer John Pope, who visited the region in 1790 on his tour of the southern and western territories of the United States, inquired into the accounting of profits generated by the Indian trade, and concluded that William Panton generally sold his goods at 500 percent of prime cost.
17.
But outsourcing is a prime cost-saving strategy throughout the economy, from the insurance company that replaces its security guards and cafeteria workers with outside contractors to manufacturing giants like Boeing Co ., which buys airplane parts from factories in Japan, Mexico and Xian, China, that its own employees once made in the United States.
18.
Another innovation by Garcke and Fells was the " idea that deprecation was an admissible item of cost that should be allocated in proportion to the prime cost ( i . e ., labour and materials cost ) of manufacturing an article but they explicitly ruled out interest as a cost . " They explained:
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