. Canadian forest industries July-December 1921. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. CANADA LUMBERMAN 49 Giving More Attention to Proper Cost System Retail Lumbermen Who Operate Woodworking Plants Frequently Accept Contracts Below CostâEffective System Which Has Been Tried and Tested arren, Toronto â . By Walter W It is most important to know costs and everyone engaged in the lumber and woodworking line must recognize the truth and force of this assertion. There is to-day in the woodworking business with the present keeness in competitio
. Canadian forest industries July-December 1921. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. CANADA LUMBERMAN 49 Giving More Attention to Proper Cost System Retail Lumbermen Who Operate Woodworking Plants Frequently Accept Contracts Below CostâEffective System Which Has Been Tried and Tested arren, Toronto â . By Walter W It is most important to know costs and everyone engaged in the lumber and woodworking line must recognize the truth and force of this assertion. There is to-day in the woodworking business with the present keeness in competition altogether too much guesstimating in- stead of estimating on a sound, sane basis. Our industry is not devot- ing enough attention to costs, and many concerns accept jobs which, when completed, show an actual loss on the operation. Recently I read an article under the title of "A Study in Mill- work Costs," which, while it contained many good points, seemed to be a compilation of estimated costs rather than concrete tests of actual work performed. The basis on which we estimate our work of to-mor- row should be the proven cost of to-day, and unless we work out our costs accurately and intelligently, they are worse than useless. In the report already referred to, there were several figures to which one might take exception, and among them were: FirstâThe absence of a definite size of window frame and full description. SecondâThe absence of actual cutting bills of each and every piece of material used in the job. ThirdâThe small percentage of waste allowed, in this case only 15 per cent. FourthâMachine work and assembling should be separated as factory burden differs greatly on the two trades. Fifthâ50 per cent, overhead is inadequate and should not be so charged. My experience is that 50 per cent, fac- tory burden is the correct amount to add to bench or assembling operations, and that 100 per cent, should be added to machine work. The overhead should not be co
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