Abstract: THE IMPACT OF COST ALLOCATION METHODS FOR SERVICE-ORIENTED BUSINESSES IN NIGERIA
This study explores the impact of various cost allocation methods on the financial performance of service-oriented businesses in Kano. The objectives are to identify the most effective cost allocation methods, assess their impact on profitability, and evaluate the challenges in their implementation. A survey design was employed, gathering data from 200 financial managers and accountants, derived using Taro Yamane's formula. A case study of a leading service company in Kano provided comprehensive insights. The reliability coefficient score was 0.87. Findings indicate that accurate cost allocation methods, such as activity-based costing and direct costing, significantly improve profitability by providing better insights into cost drivers. However, challenges such as data collection difficulties and high implementation costs were noted. Recommendations include providing more training on cost allocation methods, simplifying the data collection process, and ensuring regular reviews of cost allocation practices.
EXCERPT FROM THE STUDY
Organizations are driven by efficiency and achievement that manifests itself in the form of tangible results for t...
Background of the Study
Customer Relationship Management (CRM) refers to the strategies, practices, and technologies that organizations u...
Background of the Study
Agricultural cooperatives have long served as a foundation for rural finance by po...
Background of the Study
Diabetes mellitus is a chronic metabolic disorder characterized by high blood g...
Abstract: This study investigates the impact of communication on project management effectiveness, aiming to...
ABSTRACT
This study was carried out on assessing the benefits of a peer mentorship program for individu...
Chapter One: Introduction
1.1 Background of the Study
Films, as a form of mass communication, have proven to be a powerful tool...
ABSTRACT
The study attempts to investigate the influence of motivation on the academic performance of students in select...
Background of the study
The connection between democratic government and economic progress at the natio...
ABSTRACT
The use of computer and its accessories in our daily activities, in spite of its usefulness have caused a lot of hazards to huma...