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
INVESTIGATION OF THE EFFECT OF COVID-19 PANDEMIC ON SPORTING ACTIVITIES
ABSTRACT
This study was carried out on the effect of covid-19 pandemic on sporting activities. To achie...
AN ASSESSMENT OF X.com (TWITTER ) BAN ON NIGERIA’S IMAGE IN THE INTERNATIONL COMMUNITY
Background of the study
The term "social media" is frequently used to describe new kinds of media that allow f...
THE IMPACT OF INTEREST RATE ON OTHER SELECTED MACROECONOMIC VARIABLES IN NIGERIA (1970-2010)
ABSTRACT
This study was embarked upon with a view to determining the impact of interest rate on other selected macroeconomic variables in...
CAR RENTAL SYSTEM
ABSTRACT
This application presents a data management system for a car rental company. This enables the administrator to keep track of all...
CHALLENGES OF COLLECTION DEVELOPMENT IN NIGERIA PUBLIC LIBRARIES
BACKGROUND OF THE STUDY
The main objective of establishing any library is to satisfy the needs of its c...
BUDGETARY CONTROLS AND ITS LINK TO THE PERFORMANCE OF AN ORGANIZATION
ABSTRACT
Every organization doing exceedingly well on the face of the earth rely heavily on budgets, and budgetary control...
DETERMINING THE PROPER LAW OF CONTRACT UNDER PRIVATE INTERNATIONAL LAW
ABSTRACT
Where a dispute arises from the breach of a term or terms of a contract between 'A' a Nigerian and 'B' an Italia...
INFLUENCE OF STRIKE ACTION ON THE ACADEMIC PERFORMANCE OF STUDENTS
ABSTRACT
This study examined the influence of strike action on the academic performance of students in tertiary institut...
STATUS OF GUIDANCE AND COUNSELLING SERVICES IN SECONDARY SCHOOLS
ABSTRACT
The study on the status of counseling and guidance services in secondary scho...
ASSESSMENT OF THE CONTRIBUTION OF EMPLOYEES COMMITMENT ON ORGANIZATION PRODUCTIVITY
Background of the Study
Most organizations have realized that the performance of their workers plays a...
