854 FARM ACCOUNTING 



The cost of labor in production, $96.80 as in Illustration 

 64, is obtained from the field accounts in this way: 



Field No. 5 Dr. Labor applied $51 .90 



Less Cr. Next year's part 14.00 $37.90 



Field No. 6 Dr. From past year $10.00 



Dr. Labor applied 48.60 



$58.60 

 Less Cr. Next year's part 13.00 $45.60 



Field No. 7 Dr. From past year. $3.00 



Dr. Labor applied 13 . 10 



$16.10 

 Less Cr. Next year's part 2.80 $13.30 



Total labor used in production of 1917 corn 



crop $96.80 



The item "Horse Labor 1122.06," shown as part of the 

 cost of production, is obtained in the same way as the labor 

 item analyzed in the pivrrding paragraph. 



That part of the cost of production called "Rent or in- 

 terest on land," $:W9, is obtained by adding together the 

 three items found in the three field accounts, called "Inter- 

 est on Investment." Similarly, equipment expense figure, 

 $22.10, is derived from the sum of the three items bearing 

 that title in the field accounts of Illustration 63. 



The details of the "Cost of Harvesting and Housing" 

 in Illustration 64 are obtained from the Corn account of 

 Illustration 63. It is observed that the items correspond 

 exactly without any further adjustments. That is, "Labor 

 for the year $83.20," as stated in the Corn account, is the 

 same as "Labor $83.20," under "Cost of Harvesting and 

 Housing," in the Comparative Analysis. 



