Vol. 24

Title:
TRACKING COSTS IN CONTAINER PRODUCTION

Author:
Earl H. Robinson Jr

pp: 413-414

Abstract:
I believe that we at Medford have developed a very simple and yet unique method of tracking costs that work. We have divided our costs into 8 areas: i.e. propagation (I), containering (II), growing (III), general (IV), selling (V), shipping (VI), administrative (VII), and capital (X).

All costs of materials and labor for any given year must be charged into one of these categories. After all costs are entered we break them down to a cost per plant or container produced. We keep a record of all plants planted during the year, and charged our costs as described below. It is virtually impossible to accurately account for cost by acre or plant cultivar as our acreage is too diversified and the record keeping is impossible to maintain. Many sizes, ages, rates of growth, etc. do not lend themselves to keeping cost in this manner.

We start by keeping our ledger sheets up to date, time cards posted daily, etc. Then at the end of the year we make the following computations: to the inventory of

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