Document L48YLxa2zEnjgDd9M6dMmq5w

V \ FOSECO, INC. CLEVELAND PLANT 6- - MONTHLY REPORT - JULY 1973 Page 2 Cost of Production (Cleveland Plant) July June A. Direct Labor, Indirect Labor and Overtime Pay Actual $131,110 Budget 128,664 Variance - 2,446 % Variance 1.9% $153,127 147,593 - 5,534 3.8% B. Repair & Maintenance Variable & Fixed Actual Budget Variance $ 27,959 22,850 - 5,109 $ 21,323 25,414 + 4,091 C. Supplies Variable & Fixed D. Total Cleveland-Plant Actual Budget Variance Actual Budget Variance $ 13,526 9,772 - 3,754 $392,384 394,967 + 2,583 $ 1^,043 10,444 - 3,599 $440,172 421,131 - 19,041 This significant change in variance is due to a. $23,429 positi' variance in Depreciation (Acct. #7120) in the month of July. S,M,,P.D. Manufacturing (see attached report) Key items of interest: A. Labor standards still seem to be out of line. Thus true labor performance evaluation is very difficult. B. Much work continued on the asbestos free recipes. Thus contributing to higher scrap rates and lower productivity. C. The Mark IV - after its major overhaul, continues to be plagued by forming problems and slow cycle times. Foundry Manufac-turl no (see attached report) Key Items of interest: A. Exothermics Department manning was cut from a three shift to a two shift operation to improve productivity and establish better supervision coverage. Also, short material scheduling mechanics were reinstalled for closer scrutiny of production. 1596