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EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC,AMA, UDI LOCAL GOVERNMENT OF ENUGU STATE)

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  • Pages:99
  • 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, 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.


TABLE OF CONTENT
Approval page ii
Dedication- ii
Acknowledgement iii
Abstract iv

CHAPTER ONE
Introduction
1.1 Background of the study 1
1.2 Statement of the problem 3
1.3 Objectives of the study 6
1.4 Research questions - 6
1.5 Hypothesis of the study 7
1.6 Significance of the study 8
1.7 Scope and limitation of the study 9
1.8 Definition of terms 10
References 14

CHAPTER TWO
Literature review
2.1 Concept of standard costing 15
2.2 Features of standard costing 21
2.3 Advantages and disadvantages of standard costing 36
2.4 Concept of profitability 39
2.5 Profit and profitability 42
2.6 Measurement of profit 46
2.7 Areas where standard costing improve profitability 47
2.8 Brief historical background of the case study 54
References 61

CHAPTER THREE
Research design and methodology
3.1 Research design 63
3.2 Sources of data 63
3.3 Research instrument 65
3.4 Reliability /validity of research instrument 65
3.5 Population 66
3.6 Sample size / techniques 67
3.7 Administration of research instrument 69
3.8 Method of data analysis 70
3.9 Decision criterion for validation of hypothesis 70
References 72

CHAPTER FOUR
Data presentation and analysis
4.1 Data presentation 73
4.2 Testing of hypothesis 92

CHAPTER FIVE
Summary of findings, conclusions and recommendation
5.1 Summary of findings 102
5.2 Conclusions 103
5.3 Recommendations 105
Bibliography 107
Appendix 109
EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC,AMA, UDI LOCAL GOVERNMENT OF ENUGU STATE)

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Details

Type Project
Department Accounting
Project ID ACC2526
Price ₦3,000 ($9)
No of Pages 99 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Accounting
    Project ID ACC2526
    Price ₦3,000 ($9)
    No of Pages 99 Pages
    Format Microsoft Word

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