COST ACCOUNTING 



227 



Yearly Labor Record. If it is not thought necessary 

 to make cash journal entries for this labor at the close of 

 each month, the labor monthly totals can be summarized 

 on a yearly labor sheet as in Illustration 42. The values 

 in this illustration are calculated on a basis of 20 cents 



ILLUSTRATION 42 

 LABOR RECORD FOR YEAR ENDED FEB. 28, 1918 



*A table is presented in the Appendix to assist in calculating the 

 value of man and horse labor. See Labor and Horse Labor Con- 

 version Table, Illustration. 75. 



an hour for labor. The entries for March in Illustration 

 42 are taken from the totals for the month of March in 

 the monthly labor record of Illustration 41. 



Debits and Credits in Labor Record. The entry to 

 transfer the aggregate value of labor used during the year 

 is shown in Illustration 43, using the figures, from Illus- 

 tration 42, 



