AN APPRAISAL OF COSTING METHODS FOR PERFORMANCE EVALUATION AND BENCHMARKING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: AN APPRAISAL OF COSTING METHODS FOR PERFORMANCE EVALUATION AND BENCHMARKING
This research appraises various costing methods used for performance evaluation and benchmarking in the manufacturing sector in Enugu. The study's objectives are to compare the accuracy and reliability of different costing methods, assess their impact on performance evaluation, and identify the challenges faced. A survey design was utilized, gathering data from 250 financial managers and cost accountants, derived using Taro Yamane's formula. A case study of a leading manufacturing company in Enugu provided detailed insights. The reliability coefficient score was 0.86. Findings reveal that accurate costing methods, such as activity-based costing and standard costing, significantly enhance performance evaluation and benchmarking by providing detailed cost information and facilitating better decision-making. 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 costing methods with overall performance evaluation practices to enhance organizational performance.
Related Project Materials
AN ANALYSIS OF THE CONCEPT OF ABROGATION (NASKH) IN ISLAMIC LAW
ABSTRACT
Abrogation is generally aimed at bringing about what will be of general good to mankind. In abrogation, an existing legal ruling...
THE ASSESSMENT OF MANAGEMENT ACCOUNTING IN THE ERA OF INDUSTRY 4.0
Abstract:
This study assesses the role and adaptation of management accounting in the era of Industry 4...
THE IMPACT OF INTERNET BANKING ON PROFITABILITY OF COMMERCIAL BANKS IN NIGERIA (A CASE STUDY OF FIDELITY BANK PLC)
STATEMENT OF THE PROBLEM
The vast majority of the recent literature on electronic money and banking suffers from a...
A CRITICAL SURVEY ON THE USE OF MARKETING RESEARCH IN A MARKETING ORGANIZATION
BACKGROUND OF THE STUDY
The whole business environment is undergoing huge worldwide changes that have a...
THE RELEVANCE OF MARKETING INFORMATION SYSTEM IN THE ACHIEVEMENT OF ORGANIZATIONAL OBJECTIVE
EXCERPT FROM THE STUDY
Marketing information is often obtained from outside the organization management perceives the op...
THE ROLE OF VOCATIONAL EDUCATION IN SUPPORTING THE ELECTRIC VEHICLE SUPPLY CHAIN
ABSTRACT: The role of vocational education in supporting the electric vehicle supply chain is crucial for the development of a skilled workfor...
EVALUATING THE ADAPTATION OF ASPECT PRACTICE DRIVE FROM COVID-19 PREVENTION PROTOCOL AMONG STUDENT
BACKGROUND OF STUDY
Colleges and Universities environments are where students reside and concentrate in...
THE IMPACT OF ZERO-BASED BUDGETING ON COST MANAGEMENT
THE IMPACT OF ZERO-BASED BUDGETING ON COST MANAGEMENT
The objectives of this research are to: (1) assess the effectiveness of zero-based...
ISOLATION AND IDENTIFICATION OF AIR MICROFLORA IN MICROBIOLOGY LABORATORY
ABSTRACT
Microflora contamination in laboratories and hospitals is becoming a serious problem worldwide, and the charac...
THE PREVALENCE OF FUNGAL INFECTION AMONG THE PATIENTS
ABSTRACT
In thus work the incidence of candidacies was studied using selected patients of university of Nigeria teaching...
