Costing in the early Industrial Revolution: gradual change to cost calculations at US cloth mills in the 1820s

Martin Quinn, Pierre Gervais

Research output: Contribution to journalArticle

6 Citations (Scopus)
228 Downloads (Pure)

Abstract

This study details cost accounting practices at a number of UScotton mills in the 1820s. While some extant literature suggeststhat these practices were akin to management accounting, wetake a different view. Drawing on an institutional lens and reverseengineering of cost calculations, we argue that these practiceswere indeed institutionalised, but that a merchant mindset oncosts and profits was engrained within them. Cost calculationswere based on the comparative quality of cloth, and costs werenot traced to a particular product. However, gradual change tookplace from about 1830 on, when cost calculations became morespecific to particular products, possibly as a consequence ofexternal economic forces.
Original languageEnglish
Pages (from-to)191-217
JournalAccounting History Review
Volume26
Issue number3
DOIs
Publication statusPublished - 31 Oct 2016

Fingerprint Dive into the research topics of 'Costing in the early Industrial Revolution: gradual change to cost calculations at US cloth mills in the 1820s'. Together they form a unique fingerprint.

  • Cite this