14. Repairs to Patterns and Tools. Treated the same as No. 13.
15. Insurance. Charged through cash book for all premiums paid for insurance on buildings and contents.
16. Taxes. Charged for all state, county, and city taxes.
17. Depreciation of Buildings. An amount charged off each year to cover depreciation.
18. Depreciation of Machinery. Treated the same as No. 17. Depreciation based on estimated life of machine.
19. Depreciation of Patterns and Tools. Treated the same as No. 18.
SUMMARY ACCOUNTS
20. Manufacturing Account. Charged for cost of labor and material consumed in manufacture of goods; charged for proper proportion of all expense accounts; credited with cost of all finished goods. Balance represents cost of all goods in process.
COLLECTING COST STATISTICS