0704-883-0675     |      dataprojectng@gmail.com

THE IMPACT OF COST ALLOCATION METHODS AND THEIR RELEVANCE IN ORGANIZATION COST MANAGEMENT

  • 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 relevance of cost allocation methods in cost management in Lagos State, Nigeria. The objectives are to: (1) assess how different cost allocation methods impact cost accuracy and transparency, (2) evaluate their effect on financial decision-making, and (3) analyze the challenges of implementing various cost allocation methods. A survey design was employed to collect data from financial managers and accountants. The sample size, determined using Taro Yamane's formula, ensures statistical significance. The reliability coefficient score of the survey was 0.90. Findings reveal that effective cost allocation methods significantly enhance cost accuracy and transparency, improving financial decision-making. However, challenges such as method selection and complexity were noted. It is recommended that companies in Lagos State adopt appropriate cost allocation methods to improve cost management and financial decision-making.





Related Project Materials

ASSESSMENT OF COST CONTROL TECHNIQUES ON ROAD CONSTRUCTION PROJECT DELIVERY IN FCT ABUJA, NIGERIA

ABSTRACT

In construction industry the aim of project control is to ensure the projects finish on time, within budget and achieving other...

Read more
DESIGN AND FABRICATION OF BASIC STATIC AND DYNAMIC BALANCING MACHINE

ABSTRACT

 

This work is an attempt to evolve a means for statically and dynamical balancing of mechanical...

Read more
GASTRO-INTESTINAL MUCOSAL PROTECTIVE PROPERTIES AND TOXICITY STUDIES ON THE METHANOL ROOT EXTRACT OF WALTHERIA INDICA LINN. (STERCULIACEAE) IN LABORATORY ANIMALS

ABSTRACT

Many countries worldwide including Nigeria use different parts of Waltheria indica (leaves, stem-barks, roots and whole plants)...

Read more
HUMAN FACTORS IMPACTING THE SUCCESS OF CONSTRUCTION PROJECTS IN THE OIL AND GAS SECTOR: A FOCUS ON SAFETY, COMMUNICATION, AND COLLABORATION

Background of the study

Safety, communication, and collaboration are critical components of project man...

Read more
THE ROLE OF EARLY CHILDHOOD EDUCATION IN TEACHING RESPONSIBILITY

ABSTRACT: The study examined the role of early childhood education in teac...

Read more
THE ROLES OF PROMOTIONAL TOOLS AS A MEANS OF CREATING CUSTOMERS’ PATRONAGE IN BANKING INDUSTRY

Abstract

This study focused on the roles of promotional tools as a means of creating customers patronage in banking indu...

Read more
EFFECTS OF FLIPPED CLASSROOM INSTRUCTIONAL STRATEGIES ON SENIOR SECONDARY SCHOOL STUDENTS’ PERFORMANCE IN ORAL ENGLISH

ABSTRACT

This study investigated the effects of flipped classroom instructional strategies on senior secondary school students‟ performan...

Read more
EFFECT OF INSTRUCTIONAL MATERIALS AND TEACHERS MOTIVATIONON SENIOR SECONDARY SCHOOL STUDENT ACADEMIC PERFORMANCE IN CHEMISTRY (A STUDY OF SECONDARY SCHOOLS IN LAGOS STATE)

BACKGROUND OF THE STUDY

Education is largely a matter of a learning process that involves interactions...

Read more
Characters and Voices- The Bildungsroman Tradition in Selected Third Generation Nigerian Novels

Background to the Study

Early twenty-first century witnessed the emergence of new voices in Nigerian literature, especially, the novel ge...

Read more
ONLINE HOSPITAL LOCATION SYSTEM USING GOOGLE MAPS

AIM AND OBJECTIVE OF THE STUDY

The main aim of the research is to provide an onli...

Read more
Share this page with your friends




whatsapp