THE APPLICATION OF THE CONTRIBUTION MARGIN APPROACH TO PRICING DECISION IN MANUFACTURING ORGANIZATIONS

  • Type: Project
  • Department: Accounting
  • Project ID: ACC2060
  • Access Fee: ₦5,000 ($14)
  • Pages: 82 Pages
  • Format: Microsoft Word
  • Views: 967
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
INTRODUCTION
The management of an organization is concerned with planning, the managers outline the steps to be taken in moving the organization towards its objectives.

In organizing, the managers decided how best to put together the organization’s human and other resources in order to carryout these steps that are necessary to ensure that ever part of the organization is functioning at maximum effectiveness. Through decision making, the manager attempts to make rational choice between alternatives and to determine the best course of action to adopt. Some of the important decision to be made by the management includes investment decision, special sales order decisions, marketing decision, pricing decision etc. 
However, pricing decision is considered by many to be the single most important decision that a manager has to take. It is a decision touching on all aspects of a firm’s activities and as much affects the enterprise. 

Garrison (1976: 490) said that “when managers are faced with pricing decisions, the pricing method to adopt depends on which method that was used to cost units of products”. Since the prices charged for a firm’s product is largely determined the quantities customers are willing to purchase. The setting of price dictates the inflow of revenues.

Harold (1946: 468) however, concurs with Stanton by stating that “price help to determine the money wages paid for labour and the real wages received by labourers”.

REVIEW OF LITERATURE
To make for sequence, clarity and more understanding of “The Application of the Contribution Margin Approach to Pricing Decision in Manufacturing Organizations with particular reference to Innoson Technology Nigeria, Enugu, a review of related literature is presented under the following sub – headings.

DATA PRESENTATION
Under this chapter all the data generated in the area of this research were presented, analyzed, and interpreted. Following the sample size derived using Taro Yamane Formula as stated in chapter three, a total of 65 questionnaires were distributed to the managers and senior staff of the above mentioned department used for this research.

A total of 57 questionnaires were properly filled and returned after all efforts were made for the collection of the questionnaires.

THE APPLICATION OF THE CONTRIBUTION MARGIN APPROACH TO PRICING DECISION IN MANUFACTURING ORGANIZATIONS
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC2060
  • Access Fee: ₦5,000 ($14)
  • Pages: 82 Pages
  • Format: Microsoft Word
  • Views: 967
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2060
    Fee ₦5,000 ($14)
    No of Pages 82 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This study is an attempt to examine the application of the contribution margin approach to pricing decision in manufacturing organizations. The main job of the management and managers of organizations is decision making. The word, decision implies taking a stand on an issue or issues. Decision making therefore, involves making a choice... Continue Reading
    ABSTRACT This study is an attempt to examine the application of the contribution margin approach to pricing decision in manufacturing organizations. The main job of the management and managers of organizations is decision making.  The word, decision implies taking a stand on an issue or issues.  Decision making therefore, involves making a... Continue Reading
    Absract In modern economies, prices are generally expressed in units of some form of currency. Although, prices could be quoted as quantities of other goods and services (BARTER SYSTEM). Prices are sometimes quoted in terms of vouchers such as trading stamps. Price sometimes refers to the quantity of payment requested by a seller of goods or... Continue Reading
    Absract In modern economies, prices are generally expressed in units of some form of currency. Although, prices could be quoted as quantities of other goods and services (BARTER SYSTEM). Prices are sometimes quoted in terms of vouchers such as trading stamps. Price sometimes refers to the quantity of payment requested by a seller of goods or... Continue Reading
    ABSTRACT Cost–Volume–Profit (C–V–P) analysis is the analysis of the cost evolution models, which points out the relations between cost, production volume and profit. Cost-Volume-Profit (CVP) analysis from the accounting profession perception is a managerial accounting technique that is concerned with the effect of sales volume and product... Continue Reading
    ABSTRACT This study aims to evaluate the impact of management accounting techniques on the decision making of manufacturing organization. This arose because of how dynamic the business environment has proven to be. In conducting the research, survey research design method was adopted. A sample of 50 respondents were selected using the simple... Continue Reading
    ABSTRACT This study aims to evaluate the impact of management accounting techniques on the decision making of manufacturing organization. This arose because of how dynamic the business environment has proven to be. In conducting the research, survey research design method was adopted. A sample of 50 respondents were selected using the simple... Continue Reading
    ( A CASE STUDY OF SMALL SCALE MANUFACTURING FIRMS  IN ANAMBRA STATE AWKA) CHAPTER ONE INTRODUCTION 1.1            BACK GROUND OF STUDY One of the most crucial operating decisions management must make is establishing a setting price for its products but this is quiet... Continue Reading
    ABSTRACT Decision-making has become a main concern to any organization, and efforts are being made by management to make sure that best decisions are made. Therefore, this study investigates the effectiveness and efficacy of marginal costing as an essential tool for decision-making. To determine this, the fundamental objectives of the study among... Continue Reading
    ABSTRACT  Decision-making has become a main concern to any organization, and efforts are being made by management to make sure that best decisions are made.  Therefore, this study investigates the effectiveness and efficacy of marginal costing as an essential tool for decision-making. To determine this, the fundamental objectives of the study... Continue Reading
    Call Us
    whatsappWhatsApp Us