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History of the "Wayne Mayhem By Wayne E. Mayhew, £ -TTLFTER HIS GRADUATION from Brigham Young University in 1923, the author worked as a junior accountant for a small firm of certified public accountants in Salt Lake City, and in 1925 began a practice for himself in Ogden, Utah. This practice was continued until he moved to California in 1936. During the first few years in California he was a partner in (1) Timpson & Mayhew, (2) Timpson, Mayhew & Briss-man, and (3) Mayhew & Brissman & Co. Mr. Brissman retired in 1942 and the firm name was changed to Wayne Mayhew & Company in 1943, which name was continued until the merger with Touche, Ross, Bailey & Smart in 1954. The Move to California — Specialization Specialization in the field of food processing began in Utah in the early 1930's. There were about a dozen small vegetable canners in Utah; by 1933 nearly all of them were audit clients. The first cost accounting manual was prepared in 1933 under title "Simplified Cost Accounting for Canners." In the light of current cost finding techniques this 73-page manual is, of course, obsolete; but the classification of accounts, the functional grouping, and the format for product line operating statements have changed very little. The primary objective then, as now, was to furnish management with reliable and comprehensive accounting information regarding operating results. Because of the very limited opportunities in Utah, and because of an intense desire to specialize in this field, the Ogden practice was sold to a Salt Lake City firm. All bridges were burned and the move was made to California, which was and is the home of the largest segment of the canning industry in the world. Paul Warnick was employed by the firm in Utah in 1935. He remained in Utah for a time after the sale in 1936 to help transfer the clientele to the purchasing firm. Then he moved to California early in 1937 and became a partner in 1942. Dale Bowen also joined the staff in California in 1937 and became a partner in 1949. Both of these men grew up with the firm in California, and were co-founders of the specialized practice in food processing. They became partners in Touche, Ross, Bailey & Smart at the time of the merger in 1954. Two Areas of Specialization From the very beginning of the practice in California the firm specialized in two quite different and distinct areas: (1) in food processing and (2) farmers' cooperative marketing associations. In the beginning food processing was limited to canners, but the practice 14 THE QUARTERLY