268 JOURNAL OF FORESTRY 



lows: stumpage. logging, manufacturing, yarding, sales, shipping, 

 and overhead. 



It is recommended that separate costs be kept for each kind of 

 wood, in order that where several species are handled, it may be 

 determined readily as to the difference in costs of manufacturing each 

 one. This is one of the vital phases of hardwood cost accounting. 



The method suggested for arriving at a fair division of the time 

 element is to time the production of the different kinds of lumber 

 through the mill for a given period and then take the cost per hour 

 of the plant and determine the percentage of cost of each different 

 kind of wood during a certain period of operation. This division of 

 cost the committee would carry through on both manufacture and 

 sale, so that the profit or loss on a given species could be determined. 



The article discusses the subdivision of the main accounts into 

 their proper heads and there is also submitted a blank form showing 

 the suggested arrangement of the cost sheet. 

 American Lumberman, January, 27, pp. 38-39. 



