Publisher's Synopsis
Excerpt from The Accounting Treatment of Overhead Construction Costs in Public Utilities
In the case of Company No. 1 the overhead charges for the preceding year amounted to per cent on a total direct charge of as against per cent on a total direct charge of about as shown in this report. In the case of this company the overhead charges did not increase in proportion to the increase in the direct charges. Because of the differences in the practices of companies whose charges we have verified, it has not been practicable to classify the overhead items in the same way for all com panies, but as far as possible they have been grouped so that they might be comparable. The foregoing summary, of course, represents only the charges actually made. Where the practice of a company has been to make no charge to construction for certain items, as, for example, interest or taxes during construction, the summary above does not include such construction costs. Consequently the summary is presented here, not as indicative of what are normal ratios for overhead expenses but as showing the nature and importance of indirect construction charges actually made by companies following different policies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
