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Necessary Records in Milk Cost Accounting¹

Ohio State University, Columbus, Ohio

ABSTRACT

Directions and Explanations

In securing costs it must be remembered that the figures are of no value unless they represent complete costs. The omission of part of the items or failure to charge them correctly renders the account valueless.

In figuring costs of the dairy, the accounts should be divided into three groups: (1) The bull account; (2) the young stock account; and (3) the producing herd account.

The bull account is finally charged to the young stock account. For illustration: It costs $125 to keep a herd sire for one year. If there are twenty calves then each calf will cost $6.25. This will check off the bull account and place it in the young stock account, which in turn is finally transferred to the producing herd account. For illustration: Add to the cost of $6.25 for service, a cost of $106 for feed, labor and other costs for two years and we have $112.25 which represents the total cost of the calf.

¹ This report on records in cost accounting was given by Professor Oscar Erf before the Products Section of the American Dairy Science Association, October 11, 1920.—EDITOR.