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Standard costing and budgetary control system in the manufacturing firm,. A case study of flourier Nig

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  • Pages:38
  • Format:Microsoft Word
(Business Administration and Management Project Topics & Materials)
1.1 INTRODUCTION
Most businesses use planning and budgeting procedures to prepare for the future. Manufacturing firms need to understand the relationship of sales revenue to product costs, selling expenses and administrative expenses as yearly as possible in product development. Therefore, the practice of standard costing and budgetary control system has been a crucial area of concern for manufacturing firms in Nigeria it is known that in this technological age, that for an organization to make a tremendous progress, there must be standards set in the various operational areas.
 As a consequence, the importance of standard costing and budgetary control system in manufacturing firms cannot be over emphasized budgetary control assist the manufacturing firms to monitor their progress towards the pre-determined aims and objectives.
A standard costing system through its control process ensures an effective and efficient attainment of a company’s goal producing high quality products. It attempts to inform management of the pre-determined cost set before the product is manufactured or service rendered. Asechemie stated that one advantage of standard costing is the speed with which we know the cost of material used, because in standard costing we do not wait but record material etc used as soon as possible.
Standard costing serve management in cost reduction. They provide a means of communication between top management and line supervisors. Standard set goals, which help to develop cost consciousness in the employees. These standards are motivating fore to encourage the operators to improve their performance.
Batty 19975:9 defined standard costing as a system of accounting which is designed to show in detail how much each product should cost to produces and sell when a business is operating at a standard level of efficiency and for a given output. According to the definition given by the chartered institute of management accountants CIMA budgetary control on the other hand is the establishments of budgets relating the responsibilities of executives to the requirements of a policy and the continuous comparism of actual with budgeted results, either to secure by individual action the objective of that policy or to provide a basis for its Revlon.
Standard costing and budgetary control are interrelated because when standard costs have been determined, it is relatively easy to compute budgets for production costs and sells. When actual costs differ from standard costs the resulting differences cost variances provide a basis for control reporting.
Budgetary control is applied to the system management control and accounting in which all budgeted expenditure or income are compared with the actual results. Corruptive action follows immediately in order to arrest the variances.

TABLE OF CONTENTS
TITLE
PROPOSAL
TABLE OF CONTENTS

CHAPTER ONE
1.1 INTRODUCTION
1.2 OBJECTIVES OF THE STUDY
1.3 SIGRIFICANE OF THE STUDY
1.4 STATEMENT OF THE  PROBLEM
1.5 RESEARCH QUESTIONS
1.6 HYPOTHESIS FORMULATION
1.7 SCOPE AND LIMITATION 
1.8 DEFINITION OF TERMS
1.9 SUMMARY
REFERENCES
             
CHAPTER TWO
REVIEW OF RELATED LIERATURE
2.1 ORIGIN OF STANDARY COSTING
2.2 MEANING OF STANDARY COSTING
2.3 TYPES OF STANDARY COSTING
2.4 STANDARY COSTING IN PLANING AND CONTROLLING OPERATIONS
2.5 VARIANCE ANALYSIS
2.6 BUDQETARY CONTROLS
2.7 OBJECTIVES OF BUDGETING SYSTEM
28 ADVANTAGES OF BUDGETARY CONTROL SYSTEM
2.9 COMPUTERIZED   BUDGETARY CONTROL SYSTEM
2.10 HUMAN BEHAVIOURAL ASPECT OF BUDGETARY
2.11 SUMMARY 
       REFERENCES

CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1INTRODUCTION 
3.2 RESEARCH DESIGN
3.3 DESCRIPTION OF POPULATION AND SAMPLING PROCEDURES
3.4 QUESTIONNAIRES DESIGN 
3.5 DATA COLLECTION METHOD
3.6 STATISTICAL METHODS IN ANALYSIS
3.7 SUMMARY
     REFERENCES
    
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 INTRODUCTION
4.2 JABULATION OF DATA
4.3 TESTING OF HYPOTHESIS
4.4 SUMMARY
REFERENCES

CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 INTRODUCTION
5.2 DISCUSSION OF FINDING
5.3 CONCLUSION
5.4 RECOMMENDATION
5.5 SUMMARY
      BIBLOGRAPHY
 
Standard costing and budgetary control system in the manufacturing firm,. A case study of flourier Nig

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Details

Type Project
Department Business Administration and Management
Project ID BAM2332
Price ₦3,000 ($9)
No of Pages 38 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Business Administration and Management
    Project ID BAM2332
    Price ₦3,000 ($9)
    No of Pages 38 Pages
    Format Microsoft Word

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