470 Forestry Quarterly 



Thus the cost of man equipment at the Burlington nursery 

 amounted to $340.55. The total number of man hour labor as 

 given above was 9,323 ; hence $240.55 -^ 9,323 = $.026 is the 

 cost of man equipment per hour. The number of hours of man 

 labor spent on transplants (6,529) multiplied by this rate per 

 hour ($.026) gives the total cost of man equipment chargeable to 

 transplants— 6,529 X $.026 = $169.75. 



Where horses and horse equipment are owned by the nursery, 

 ledger accounts will have to be kept and the cost distributed in 

 proportion to the number of hours of horse labor spent on the 

 different crops as shown by the work reports. On our Burling- 

 ton nursery the horse labor is all hired and is charged direct on 

 the ledger accounts and no work reports for horse labor are kept. 

 At Sharon there is other farm land connected with the nursery 

 and horses are kept on the farm, hence horse work account 

 must be kept. 



The ledger accounts dififer little from any cost-ledger accounts. 

 On the one-year seed bed account the value of the special seed 

 bed equipment, the cost of all seed and other things purchased, 

 the cost of man labor, horse labor, and equipment, and interest 

 on average value of equipment, seed planted, and other expenses 

 involved at beginning of the year are charged. Warren also adds 

 interest for half a year on the expense incurred during the year, 

 but we have not done this. On the credit side of the account is 

 the value of the equipment at the end of the year. This amount 

 subtracted from the total of the debit side of the account gives 

 the total cost of raising the stock on hand to one year of age. 



SAMPLE LEDGER ACCOUNT 



Burlington Ledger First Year Seed Beds 



Date, 1914 Item Dr. 



January 1 Inventory of equipment (only such equipment 



as is used exclusively for first-year seed beds) $925 . 00 



January 1 Inventory of seed on hand 25 1 . 9 1 



April 21 Seed purchased for planting, spring 1914 135.64 



December 31 Summary of other items on ledger 51 . 02 



November 1 Seed purchased for planting, spring 1915 100. 00 



December 31 Cost of man labor 759 hours, at $0.215 163. 18 



December 31 Cost of man equipment 759 hours, at $0,026. 19. 73 



December 31 Interest on average value of equipment $880 



at 5 per cent 44. 00 



December 31 Interest on seed planted — 



$251.91-M35.64 = $387.55 at 5 per cent 19.38 



$1,509.86 



