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EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC, ALAKIA IBADAN)

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  • Pages:1
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

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 Plc). The design of this study is
descriptive survey method and the study was conducted in Nigerian Breweries Plc,
Alakia Ibadan. Self administered questionnaire was used to collect data which
was analysed using frequency table and chi-square. It was discovered that
proper accounting records are kept and are significantly necessary in the
management of the company, the company employed standard costing in costing
their product and decisions were made with the standard costing information
obtained in the company. The accounting reports were prepared and presented to
the company’s management and that actions were taken promptly on the information
given in the report. It was also discovered that effective application of
standard costing has effect on the profitability of the company,  the company benefited 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 was widely used in
Nigerian manufacturing companies and that standard costing enhanced adequate
planning, control and decision making processes in the company. That standard
costing enhanced manufacturing companies in the elimination of unprofitable
products, provision of costing information and cost control.
TABLE 
OF CONTENTS

CHAPTER ONE


1.0      Introduction                                                                                                          1

1.1      Background to the study                                                                                  2-4

1.2      Statement of the problem                                                                                 4-5

1.3      Objectives of the study                                                                                       5

1.4      Research questions                                                                                             6

1.5      Hypothesis formulation                                                                                                6

1.6      Significance of the study                                                                                   7

1.7      Scope of the study                                                                                               7-8

1.8      Justification of the study                                                                                   8-9

1.9      Definition of relevant terminologies                                                                        9-10


CHAPTER TWO

2.0      Literature review                                                                                                 11

2.1       Concept of standard costing                                                                           11-16

2.2      Features of standard costing                                                                           16-29

2.3      Advantages and disadvantages of standard costing                              30-33

2.4      Concept of profitability                                                                                   33-35

2.5      Measurement of profit                                                                                       35-38

2.6      Profit and profitability                                                                                       38-39

2.7      Areas where standard costing improve profitability                             40-45

2.8      Brief historical background Of Nigerian Breweries Plc                         45-50


CHAPTER THREE

3.0      Research methodology                                                                                      51







CHAPTER FOUR

4.0      Data presentation, analysis and Interpretation                                       56

4.1      Data presentation                                                                                                56-66

4.2      Data Analysis and Interpretation

4.3      Testing of hypothesis                                                                                         66-68


CHAPTER FIVE

5.0      Summary, conclusions and recommendation           

5.1      Summary of findings                                                                                          69

5.2      Conclusions                                                                                                                        70

5.3      Recommendations

References


                                     &

EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC, ALAKIA IBADAN)

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Details

Type Project
Department Accounting
Project ID ACC2276
Price ₦3,000 ($9)
No of Pages 1 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Accounting
    Project ID ACC2276
    Price ₦3,000 ($9)
    No of Pages 1 Pages
    Format Microsoft Word

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