An approach to management control by application of the principle of management by exception. - Page 29 |
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or assumed set of operating conditions and volume
of output,'* but which is an attainable goal. 16
i
From the extracts and summaries made by Holden,
Fish, and Smith, it has appeared to this writer that they
found budgetary-type controls in one half of the organizations
studied, and these only in a limited degree. Some
were found who had little control, some were found who
utilized the monthly profit-and-loss basis, and those using
budgetary-control worked with predetermined costs, therefore,
even though they have stated that historical and
predetermined cost basis have given way to standard costs,
the facts displayed in their publication do not support the
view. Even if they have unpublished facts which do substantiate
the position, it has been negated for serious
consideration in this study due to their further comments
The standard costs and budgets are attainable,
but lean to the ideal side. They j of out-of-pocket cost, whether or cnoovte rs uaclhl ceolsetm ecnatns
j be controlled by the particular foreman.17
Marvin has a position concerning the conventional
system which he has applied to Administration, but which is
in the sense of the subject covered in this study, likewise
appropriate:
16Loc. cit.
“^Holden, Fish, and Smith, op. cit., p. 160.
Object Description
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| Title | An approach to management control by application of the principle of management by exception. - Page 29 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | or assumed set of operating conditions and volume of output,'* but which is an attainable goal. 16 i From the extracts and summaries made by Holden, Fish, and Smith, it has appeared to this writer that they found budgetary-type controls in one half of the organizations studied, and these only in a limited degree. Some were found who had little control, some were found who utilized the monthly profit-and-loss basis, and those using budgetary-control worked with predetermined costs, therefore, even though they have stated that historical and predetermined cost basis have given way to standard costs, the facts displayed in their publication do not support the view. Even if they have unpublished facts which do substantiate the position, it has been negated for serious consideration in this study due to their further comments The standard costs and budgets are attainable, but lean to the ideal side. They j of out-of-pocket cost, whether or cnoovte rs uaclhl ceolsetm ecnatns j be controlled by the particular foreman.17 Marvin has a position concerning the conventional system which he has applied to Administration, but which is in the sense of the subject covered in this study, likewise appropriate: 16Loc. cit. “^Holden, Fish, and Smith, op. cit., p. 160. |
