AN ASSESSMENT OF THE IMPACT OF COSTING METHODS FOR OUTSOURCING AND OFFSHORING DECISIONS
- 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 ASSESSMENT OF THE IMPACT OF COSTING METHODS FOR OUTSOURCING AND OFFSHORING DECISIONS
This research assesses the impact of various costing methods on outsourcing and offshoring decisions in manufacturing companies in Lagos. The study's objectives are to evaluate the effectiveness of different costing methods, assess their impact on financial performance, and identify the challenges faced during implementation. 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 Lagos provided detailed insights. The reliability coefficient score was 0.88. Findings indicate that accurate costing methods, such as activity-based costing and total cost of ownership, significantly enhance outsourcing and offshoring decisions by providing precise cost information and facilitating better decision-making. However, challenges such as data collection difficulties and high implementation costs were noted. Recommendations include providing more training on costing methods, simplifying data collection processes, and integrating these methods with overall financial management practices to improve efficiency and performance.
Related Project Materials
ANALYSIS OF EFFECT OF FLOOD ON LIVELIHOODS AND ADAPTATION MEASURES OF SMALLHOLDER CROP FARMERS
ABSTRACT
This study evaluated the effect of flood on farm families in Delta State. It specifically desc...
THE ROLE OF TEACHERS IN THE UP-BRINGING OF STUDENTS IN EGOR LOCAL GOVERNMENT AREA OF EDO STATE
Abstract
The major aim of this project work is to the role of teachers in the upbringing of students in...
STRATEGIES FOR DEVELOPING RESILIENCE IN EARLY CHILDHOOD EDUCATION (ECE) PROGRAMS
Abstract: This study investigates strategies for developing resilience in early childhood education (ECE) pr...
REVIEW ON THE SIGNIFICANCE ENHANCING FIRE SAFETY IN HOSTEL DESIGNS
BACKGROUND OF STUDY
Housing is one of man's most essential requirements. Since the Paleolithic Age,...
EXAMINATION ON THE PROBLEMS AND PROSPECTS OF TEACHING AGRICULTURAL SCIENCE IN SECONDARY SCHOOLS
EXCERPT FROM THE STUDY
Agricultural Science is one of the core vocational curricular subjects taught in secondary schools to adequately e...
THE EFFECT OF LEVERAGE ON PROFITABILITY OF QUOTED PHARMACEUTICAL FIRMS IN NIGERIA
EXCERPT FROM THE STUDY
Adesina, Nwidobie and Adesin (2015) suggested that management of quoted banks in Nigeria consiste...
AN EXAMINATION ON A CRITIQUE OF DAVID HUME’S EMPIRICISM
BACKGROUND OF THE STUDY
The pursuit of knowledge that is unchangeable and unquestionable has been ongoi...
STRATEGIES FOR PROMOTING LIFELONG LEARNING AMONG VOCATIONAL GRADUATES
Abstract: Promoting lifelong learning among vocational graduates is essential for ensuring...
Early Childhood Literacy Development: Strategies for Building a Strong Foundation
Abstract
This research explores effective strategies for building a strong foundation in early childhood literacy development, focusing o...
THE CHALLENGES OF VALUE-ADDED TAX (VAT) COMPLIANCE AND REPORTING IN RETAIL BUSINESSES
Abstract: THE CHALLENGES OF VALUE-ADDED TAX (VAT) COMPLIANCE AND REPORTING IN RETAIL BUSINESSES
This research explores the challenges of...
