Publication Date
1995
Recommended Citation
Williams, R., The cost of power: Costing procedures at the Soho foundry, School of Accounting & Finance, University of Wollongong, Working Paper 13, 1995.
https://ro.uow.edu.au/accfinwp/79
Abstract
The Soho Foundry, managed by James Watt jnr was an innovative manufacturer of steam engines, in the late eighteenth and early nineteenth centuries. This paper discusses the establishment of the foundry and the costs accumulated and recorded to assist in the management of the organisation. The costing records were very comprehensive and served to set prices as well as to determine profit on each order.