COST-VOLUME-PROFIT ANALYSIS IN DECISION-MAKING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract:
This research explores the role of cost-volume-profit (CVP) analysis in decision-making in Lagos State, Nigeria. The objectives are to: (1) assess how CVP analysis influences pricing and production decisions, (2) evaluate its impact on profitability and break-even analysis, and (3) analyze the challenges of implementing CVP analysis in businesses. A survey design was employed to collect data from financial managers and accountants. The sample size, determined using Taro Yamane's formula, ensures representativeness. Flour Mills of Nigeria Plc was chosen as the case study due to its use of CVP analysis in decision-making. The reliability coefficient score of the survey was 0.88. Findings reveal that CVP analysis significantly enhances pricing and production decisions, improving profitability and break-even analysis. However, implementation challenges such as data accuracy and integration were identified. It is recommended that companies in Lagos State adopt CVP analysis practices to improve decision-making and profitability.
Related Project Materials
FACTORS INFLUENCING THE INCIDENCE OF GLAUCOMA AMONG ADULT PATIENTS IN GENERAL HOSPITALS IN ANAMBRA STATE FROM 2002 – 2006
ABSTRACT
To achieve the state of complete physical, mental and social well-being of the population there is need to cre...
AN EMPIRICAL REVIEW OF COMMUTING BEHAVIOUR OF COMMERCIAL PUBLIC TRANSPORT PASSENGERS IN LAGOS METROPOLIS
Background of the Study
Travel behaviour refers to how individuals travel in public spaces using all modes of transporta...
THE ANALYSIS OF THE IMPACT OF VALUE ADDED TAX ON REVENUE GENERATION IN NIGERIA (2000–2009)
BACKGROUND OF THE STUDY
Prior to 1993, only very little was known of Value Added Tax (VAT) in Nigeria....
PUBLIC RELATIONS AS A TOOL FOR INDUSTRIAL HARMONY (A CASE STUDY OF CONSTRUCTION INDUSTRY)
ABSTRACT
There has been a meaningful contribution by researchers on this subject; public Relations. So this project...
PUBLIC RELATIONS: AS A TOOL OF INDUSTRIAL HARMONY (A STUDY OF NIGERIA POLICE HEADQUARTERS ENUGU)
Abstract The objective of this study on “Public Relations: As A tool of Industrial Harmony. A study of Nigeria Police Headquarters Enugu&rdqu...
LEARNING FROM NATURAL HUMAN INTERACTIONS FOR ASSISTIVE ROBOTS
ABSTRACT.
In our everyday lives, we interact with agents like personal computers, search engines, cars, etc., and reveal many of our pers...
A STUDY ON ONLINE LEARNING AND ITS IMPACT ON ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS
Background of the Study
The day when the teacher served as a repository of information has long since p...
THE ROLE OF FEMALE JOURNALISTS ON NIGERIAN BROADCAST MEDIA
BACKGROUND OF THE STUDY
The media has an important part to play in the man for gender transition...
THE IMPACT OF BLOCKCHAIN FOR ENHANCING TRANSPARENCY IN VOCATIONAL CREDENTIALS
ABSTRACT: The impact of blockchain for enhancing transparency in vocational credentials is transformative, offering secure and verifiable reco...
THE ROLE OF LEADERSHIP DEVELOPMENT IN VOCATIONAL INSTITUTIONS
ABSTRACT: This study explores the role of leadership development in vocational institutions, emphasizing its impact on the quality of educatio...
