1. Union Pacific
The cost accounting system was based on an Interstate Commerce Commission's costing formula. This formula attempted to link the total operating expenses of the railroad to particular activities that were felt to best explain them. ... These statistics were better fit to represent the costs inside Union Pacific's own system then the averages collected earlier by ICC from the whole industry. ...
- Word Count: 3347
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate