COSTING TECHNIQUES FOR DECISION-MAKING IN SERVICE INDUSTRIES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: COSTING TECHNIQUES FOR DECISION-MAKING IN SERVICE INDUSTRIES
This research investigates the role of various costing techniques in decision-making within service industries in Abuja. The study's objectives are to identify the most effective costing techniques, assess their impact on financial performance, and evaluate the challenges faced during implementation. A survey design was employed, gathering data from 200 financial managers and cost accountants, derived using Taro Yamane's formula. A case study of a leading service company in Abuja provided comprehensive insights. The reliability coefficient score was 0.87. Findings indicate that accurate costing techniques, such as activity-based costing and time-driven activity-based costing, significantly enhance decision-making by providing detailed cost information and facilitating better resource allocation. However, challenges such as data collection difficulties and high implementation costs were noted. Recommendations include providing more training on costing techniques, simplifying data collection processes, and integrating costing techniques with overall financial management practices to enhance organizational performance.
Related Project Materials
THE IMPLICATION OF NIGERIA VALUE ADDED TAX (VAT) ON THE PAYERS
ABSTRACT
This study was carried out to examine the the implication of Nigeria value added tax (vat...
EVALUATION OF THE IMPLEMENTATION OF THE GIFTED EDUCATION PROGRAMME IN NIGERIA: IMPLICATIONS FOR COUNSELLING
ABSTRACT
The main purpose of this study was to evaluate the implementation of Gifted Education Programme in Nigeria and draw implications...
A CRITICAL INVESTIGATION INTO MARKET RESPONSE AND CANNIBALIZATION OF PRODUCT IN A HIGHLY COMPETITIVE INDUSTRY
EXCERPT FROM THE STUDY
Product cannibalization happens when a business chooses to substitute an existing product with a...
UKWUANI AND THE URHOBO PEOPLE UP TO 1900 – A STUDY IN INTER-GROUP RELATIONS
ABSTRACT
This work is on the inter-group relations between Ukwuani and Urhobo peo...
THE ROLE OF PROJECT MANAGEMENT OFFICES (PMOS) IN ACHIEVING PROJECT SUCCESS
Abstract: This research explores the role of Project Management Offices (PMOs) in achieving project success,...
FACTORS AFFECTING THE IMPLEMENTATION OF IMMUNIZATION
ABSTRACT
This study examined the factors affecting the implementation of immunization. This study inves...
THE CAUSES AND EFFECTS OF DIARRHOEA AMONG CHILDREN
ABSTRACT
This project took a look on the causes and effects of diarrhea among children in Ovia North East Local Governme...
THE EFFECT OF PROMOTIONAL ACTIVITIES ON THE CONSUMPTION OF A COMPANY PRODUCT
ABSTRACT
This research work is to investigate the impact of promotional activities on the consumption of a...
ASSESSMENT OF CULTURAL STEREOTYPES IN VOCATIONAL CAREER PATHS
ABSTRACT: This study examines strategies for addressing cultural stereotypes in vocational career paths, focusing on promoting diversity and i...
MANAGING RETENTION IN RESIDENTIAL BUILDING PROJECTS
Abstract
Residential building projects consist of complex interrelated subsystems of cost centers which often require hu...
