AN ASSESSMENT OF STANDARD COSTING VERSUS ACTUAL COSTING METHODS IN BUILDING MATERIAL PURCHASE
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: AN ASSESSMENT OF STANDARD COSTING VERSUS ACTUAL COSTING METHODS IN BUILDING MATERIAL PURCHASE
This study assesses the effectiveness of standard costing versus actual costing methods in building material purchases in Ogun. The objectives are to compare the accuracy and reliability of both costing methods, evaluate their impact on cost control, and identify the challenges faced. A survey design was employed, with data collected from 200 procurement managers and accountants, derived using Taro Yamane's formula. A case study of a construction company in Ogun provided detailed insights. The reliability coefficient score was 0.84. Findings indicate that while standard costing provides a useful benchmark, actual costing offers more accuracy and reliability for cost control. However, challenges such as data collection difficulties and compliance issues were noted. Recommendations include providing more training on costing methods, simplifying data collection processes, and integrating both costing methods for better cost management
Related Project Materials
ASSESSMENT OF THE PRACTICE OF ISLAMIC WOMEN RIGHTS AND ITS IMPACT AMONG MUSLIMS IN KATSINA STATE
ABSTRACT
Women‟s rights and how they are being practiced among different societies and civilisations remain among the topical issues in t...
Nativised English in Selected Nigerian Literary Texts
Background to the Study
Language is the main tool for constructing every literary work. The importance of language to human beings cannot...
biodegradation of crude oil by bacteria isolated from pristine soil
Statement of the Research Problem
Industrialization, discovery of crude oil as a source of fuel and most human activities have impacted t...
STUDY OF THE COMPARISON OF THE PHYSICOCHEMICAL ANALYSIS OF BOREHOLE WATER AND SACHET WATER IN OWERRI MUNICIPAL, IMO STATE
ABSTRACT
Three types of sachet water samples and three types of borehole water samples all from Owerri...
THE IMPACT OF CUSTOMER EXPECTATIONS ON SERVICE QUALITY
THE IMPACT OF CUSTOMER EXPECTATIONS ON SERVICE QUALITY
This study aimed to explore the impact of customer expectations o...
THE IMPACT OF INFORMATION AND COMPUTER TECHNOLOGY ICT ON THE MARKETING OF AUTOMOBILE PRODUCTS IN NIGERIA
BACKGROUND OF THE STUDY
As to the review of information technology, it combines the collection, gatheri...
ORGANIZATIONAL CHANGE AND EMPLOYEE COMMITMENT OF MANUFACTURING COMPANIES
ABSTRACT
The study set out to assess the effect of organizational change and employees` commitment. Dat...
PUBLIC PERCEPTION OF RADIO BROADCAST PROGRAMMES ON HEALTH MATTERS (CASE STUDY OF ONITSHA RESIDENTS)
EXCERPT FROM THE STUDY
Other definitions place emphasis on the importance of signs and symbols, as well as the transmiss...
GLOBALIZATION AND THE PROBLEMS OF SOCIO-ECONOMIC DEVELOPMENT IN NIGERIA
ABSTRACT
This study examined the globalization and the problems socio-socio-economic development in Nigeria. The researc...
COMMUNITY-BASED DIAGNOSIS AND MANAGEMENT OF CHILDHOOD MALARIA USING RAPID DIAGNOSTIC TEST AND MANAGEMENT WITH ARTEMISININ –BASED COMBINATION THERAPY IN TARABA STATE-NIGERIA
ABSTRACT
A cross-sectional study was conducted for fifteen (15) months (May...
