The Doctor Is In --Dickeson

For a cost accounting system we have two data sets:

A. Transaction job dollar costs (Transactors)

1) Paper and ink

2) Buyouts

3) Hourly work center "standard" rates

B. Actual job performance results (Actuals)

1) Materials consumed on the job

2) Production center hours applied

We give only passing attention to multiplying Actuals by Transactors, to produce the reactionary perceivers—the Quincy's. By neglect of actual job cost experience analysis we're missing statistical guidance for the long-term success of the company.