THE IMPACT OF COST ALLOCATION FOR JOINT PRODUCTS AND BY-PRODUCTS
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF COST ALLOCATION FOR JOINT PRODUCTS AND BY-PRODUCTS
This study investigates the impact of cost allocation methods for joint products and by-products in the manufacturing industry in Lagos. The objectives are to evaluate the effectiveness of different cost allocation methods, assess their impact on financial performance, and identify the challenges faced during implementation. A survey design was employed, gathering data from 250 financial managers and cost accountants, derived using Taro Yamane's formula. A detailed case study of a leading manufacturing company in Lagos provided comprehensive insights. The reliability coefficient score of the survey instrument was 0.89. Findings indicate that accurate cost allocation methods, such as physical measures and net realizable value, significantly enhance financial performance by providing precise cost information and facilitating better pricing decisions. However, challenges such as data collection difficulties and high implementation costs were noted. Recommendations include providing more training on cost allocation methods, simplifying data collection processes, and integrating these methods with overall financial management practices to improve efficiency and performance.
Related Project Materials
THE STRUCTURE OF THE NIGERIAN CAPITAL MARKET AND ITS IMPACT ON ECONOMIC DEVELOPMENT
Abstract
The project examines the structure of the Nigerian capital market and its impact on economic development in Nig...
DESIGN AND IMPLEMENTATION OF FINGERPRINT BASED ATTENDANCE MANAGEMENT SYSTEM FOR TERTIARY INSTITUTIONS
ABSTRACT
The implementation of the biometric based attendance system constrained by our scope and objec...
PRAGMATIC ANALYSIS OF WHATSAPP CHATS
Abstract
WhatsApp has significantly penetrated the various spheres of peoples’ lives all over the...
AN ASSESSMENT OF THE FUNCTIONS OF SOCIAL MEDIA IN CREATING AWARENESS ABOUT DOMESTIC VIOLENCE IN NIGERIA
Background to the Study
There has been disturbing news of domestic violence in every nook and cranny of...
KNOWLEDGE, ATTITUDE AND PRACTICE OF DENTAL HEALTH CARE AMONG PRIMARY SCHOOL PUPILS IN ZARIA
ABSTRACT
The purpose of the study was to assess,“The knowledge, attitude and practice of dental health care among primary sch...
THE IMPACT OF DIGITAL TRANSFORMATION ON BUSINESS PROCESSES
THE IMPACT OF DIGITAL TRANSFORMATION ON BUSINESS PROCESSES
This research aims to: (1) investigate the impact of digital transformation on...
EVALUATION OF INCENTIVE SCHEMES ON LABOUR PRODUCTION IN NIGERIA CONSTRUCTION INDUSTRY
ABSTRACT
This study was based on the evaluation of incentive schemes on labour production in nigeria const...
THE ROLE OF LEADERSHIP DEVELOPMENT IN VOCATIONAL INSTITUTIONS
ABSTRACT: The Role of Leadership Development in Vocational Institutions examines the importance of leadership training and development for enhancin...
A CRITICAL EXAMINATION OF THE CONSEQUENCES OF THE ENDBADGOVERNANCE PROTEST IN KANO STATE, NIGERIA
Chapter One: Introduction
1.1 Background of the Study
Protests have long been a critical avenue for citizens to express grievan...
EFFECT OF FORENSIC ACCOUNTING ON FINANCIAL FRAUD IN NIGERIA
BACKGROUND OF THE STUDY
Fraud is an endemic that are gradually becoming a normal way of life in both pu...
