ABSTRACT
This study is designed to provide knowledge for costing information and price determination.
The need for cost accounting came with increased industrialization, engineering an expansion in manufacturing. It is therefore obvious that in efficient system of costing is essential for industrial control.
In period of boom, manufacturers are able to show profit notwithstanding the leakage which pass unchecked, but in periods of trade competition concealed inefficiencies have to track down and rigorous control must be exercised to ensure even modest margin profit.
There is not yet an agreed best method of costing products though it may be helpful to recognize that cost allocation are being used to obtain a mutually acceptable price and not necessary to portray caused and effect relationship of cost incurrence. But price determination from cost under efficient operation through efficient cost system will most probably approximate the price of the product to its value.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE:
1.0 Introduction
1.1 Statement of problem
1.2 Purpose of study
1.3 Significance of limitation of study
1.4 Scope and limitation of study
1.5 Definition of terms
CHAPTER TWO:
2.0 Literature Review
2.1 Cost determination
2.2 Cost Control
2.3 Fixed and variable cost
2.4 Natural and functional classification cost
2.5 Other theoretical work on cost and pricing
2.6 Price flexibility
2.7 The Nature of Pricing problem
2.8 Limitation of cost oriented price
2.9 Cost bread pricing theories
2.10 Price to achieve corporate objectives
CHAPTER THREE:
3.0 Summary of Study
3.1 Discussion of findings
3.2 Conclusion
3.3 Recommendation
Bibliography
