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:
1.0Introduction
1.1Statement of problem
1.2Purpose of study
1.3Significance of limitation of study
1.4Scope and limitation of study
1.5Definition of terms
CHAPTER TWO:
2.0Literature Review
2.1Cost determination
2.2Cost Control
2.3Fixed and variable cost
2.4Natural and functional classification cost
2.5Other theoretical work on cost and pricing
2.6Price flexibility
2.7The Nature of Pricing problem
2.8Limitation of cost oriented price
2.9Cost bread pricing theories
2.10Price to achieve corporate objectives
CHAPTER THREE:
3.0Summary of Study
3.1Discussion of findings
3.2Conclusion
3.3Recommendation
Bibliography