EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF A MANUFACTURING COMPANY
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The topic of this research is effects of standard costing on the profitability of a manufacturing company. The purpose of this study was to discover if the application of standard costing techniques have any effect on profitability, to explore the relationship between standard costing and the profitability of manufacturing companies and also to determine whether standard costing techniques and principles are being adopted and practiced in Nigerian manufacturing companies (Nigerian breweries, Ama Eke, Udi local government of Enugu state). The design of this study is descriptive survey method and the study was conducted at Nigerian breweries, Ama which is the case study of this research work. The instrument of data collection was analyzed using the chi-square method. The researcher discovered the following as her data findings that proper accounting records are kept and are significantly necessary in the management of the company. That the company employs standard costing in costing their product and decisions are made with the standard costing information obtained in the company. That accounting reports are prepared and presented to the company’s management and that actions are taken promptly on the information given in the report. That effective application of standard costing has effect on the profitability of the company. That the company benefit in a significant way through the use of standard costing especially in the improvement of profit. The researcher came to a conclusion that standard costing is widely used in Nigerian manufacturing companies and that standard costing enhances adequate planning, control and decision making processes in the company. That standard costing aids manufacturing companies in the elimination of unprofitable products, provision of costing information and cost control.
Related Project Materials
UNEMPLOYMENT AND ITS IMPACT ON CRIMINAL ACTIVITIES
Background of the Study
Crime is one major problem, and a burning issue in which every society particul...
DOMESTIC VIOLENCE PERPETRATED AGAINST WOMEN AND IT EFFECT ON CHILDREN’S
Background to the Study
It is the smallest unit of society and one of the primary agents of socialization inside the fam...
AN EVALUATION OF INFORMATION COMMUNICATION TECHNOLOGY (ICT) AND ITS USAGE IN AGRICULTURAL INFORMATION DISSEMINATION AMONG FARMERS
BACKGROUND OF THE STUDY
Information has shown to be the most basic factor in all aspec...
THE CONCEPT OF OPINION LEADERSHIP AND ITS INFLUENCE IN THE MARKETING OF FASHION PRODUCTS
ABSTRACT
This work is aimed at assessing the influence of the concept of opinion leadership on the mark...
EFFECT OF INSTRUCTIONAL MATERIALS AND TEACHERS MOTIVATIONON SENIOR SECONDARY SCHOOL STUDENT ACADEMIC PERFORMANCE IN CHEMISTRY (A STUDY OF SECONDARY SCHOOLS IN LAGOS STATE)
BACKGROUND OF THE STUDY
Education is largely a matter of a learning process that involves interactions...
ANALYSIS OF THE LEGAL AND INSTITUTIONAL FRAMEWORKS FOR THE PROTECTION OF INTELLECTUAL PROPERTY RIGHTS IN NIGERIA
ABSTRACT
The subject of intellectual property rights without doubt, has attained considerable universal prominence, especially in its eve...
TEACHERS ATTITUDE TOWARDS TEACHING AND LEARNING OF SOCIAL STUDIES IN UPPER BASIC SCHOOLS
Abstract
This study assessed the teachers attitude towards teaching and learning of social studies in upper basic school...
AN EMPIRICAL ANALYSIS OF THE FACTORS AFFECTING JOB SATISFACTION AMONG ACADEMIC PROFESSIONALS IN TERTIARY INSTITUTIONS IN NIGERIA
ABSTRACT
The purpose of this study was to analyse the factors that affect job satisfaction among academ...
IMPACT OF TWITTER BAN ON SECURITY THREATS INFORMATION DISSEMINATION
ABSTRACT:- The broad objective of this study is to examine the impact of twitter ban on security threats inf...
HOUSEHOLD FACTORS AS PREDICTORS OF SECONDARY SCHOOL STUDENTS’ACADEMIC ACHIEVEMENT IN OYO AND OGUN STATES NIGERIA
ABSTRACT
Secondary education occupies a critical position in the education system because of its dual role of preparing students for high...
