THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)
- Type:Project
- Pages:110
- Format:Microsoft Word
ABSTRACT
This research investigation is focused on the “impact of cost control and cost reduction in manufacturing firms” using Nigeria breweries plc as the case study. Cost control and cost reduction are techniques in management accounting which are employed in the reduction and control of total production cost in a manufacturing firm. Examples of theses methods are economic order quantity (EOQ), variance analysis, budgeting etc. The primary objectives of any firm is to maximize its profit and the way by which the management can achieve this motives is by keeping cost at its lowest level by applying these techniques,. The researcher made use of both primary data and secondary data, structured questionnaires were methods used in collection of primary data. Secondary data were also collected from text books and from various research materials. CHI square was used as statistical tool for analyzing the data. From the finding of this research, it was discovered that profit maximization of Nigeria breweries plc depends of the existence of cost control and cost reduction techniques. Also the existence of cost control and cost reduction techniques would help in decision making and growth of the firm. This research was concluded that cost control and cost reduction techniques are very vital which the firm cannot do without for its effective and efficient application would help in achieving profit maximization. The research also recommends that in order to maintain a good cost control and cost reduction system, the quality of staffs should be considered in other words the firm would have to recruit qualified staffs.
TABLE OF CONTENTS
Title Page i
Approval Page ii
Dedication iii
Acknowledgement iv
Abstract ix
Table of Contents x
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the Problem 7
1.3 Objective of the study 9
1.4 Research Questions 10
1.5 Formulation of Hypotheses 11
1.6 Significance of the Study 13
1.7 Scope/ Delimitation of the Study 14
1.8 Limitation of the study 15
1.9 Definition of Terms 17
CHAPTER TWO:
REVIEW OF RELATED LITERATURE
2.1 Cost Control 20
2.2 Cost Reduction 21
2.3 Cost Control Methods 22
2.4 Cost Reduction Techniques 53
References
CHAPTER THREE:
METHODOLOGY
3.1 Research Design 68
3.2 Area of the Study 68
3.3 Population of the study 69
3.4 Sample and sampling Procedure 69
3.5 Instrument for Data Collection 70
3.6 Validation of the Instrument 71
3.7 Reliability of the Instrument 71
3.8 Administration of the Instrument 72
3.9 Method of Data Analysis 73
CHAPTER FOUR:
DATA PRESENTATION AND RESULT
4.1 Data Presentation and findings 74
4.2 Discussion of Findings 94
4.3 Summary of Findings 96
CHAPTER FIVE:
CONCLUSIONS AND RECOMMENDATIONS
5.1 Conclusion 97
5.2 Recommendation 98
5.3 Suggestions for Further Research 99
Bibliography
Appendix
THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)Leave a comment...