TABLE OF CONTENTS
1.1 Statement of the problem
1.2 Objective of the study
1.3 Significant of the study
1.4 Scope of the study
1.5 Research methodology
1.6 definition of terms
1.7 Plan and organization of the study
2.1 Cost control and cost reduction
2.2 Cost classification
2.2.1 Direct and indirect cost
2.2.2 Fixed and variable cost
2.3 Cost control techniques
2.3.1 Planning, budget and budgetary control
2.3.2 Standard costing and variance
2.4 Cost reduction techniques
2.5 Where cost reduction is needed
2.5.1 Direct cost
3.1 Population of the study
3.2 Sampling Design and size
3.3 Source of data
3.4 Data collection instruments
3.5 Method of data analysis
3.6 ProfileS of okin biscuits limited, Offa.
PRESENTATION AND DATA ANALYSIS
4.1 Data presentation
4.2 Data analysis
Summary, Recommendation and conclusion
The success that any producer may record in selling his goods or services profitably is likely to depend upon his ability to control his cost and upon the extent to which he can keep them below the selling price imposed upon him by competition. Therefore, cost control can simply be defined as the regulation, limitation or confinement of cost.and it can also be defined as the regulation by management action of the cost of operating an undertaking, particularly where such action is guided by cost accounting. It covers the control of materials usage and prices of wages cost separating the effect of efficiency from rates of pay, or maintenance and service cost, and all other items of indirect expenditures. In an organization it is an act of making necessary adjustments after comparing the actual cost with a standard or targeted cost the control process include the steps of establishing standards and taking corrective measure.
Frontiers, E. & AYOOLA, A (2021). Cost Control And Cost Reduction as a Means of Improving Profitability in a Business Organization (A Cases Study of Okin Biscuits Limited, Offa). Afribary. Retrieved from https://afribary.com/works/cost-control-and-cost-reduction-as-a-means-of-improving-profitability-in-a-business-organization-a-cases-study-of-okin-biscuits-limited-offa
Frontiers, Edu, and AWESU AYOOLA "Cost Control And Cost Reduction as a Means of Improving Profitability in a Business Organization (A Cases Study of Okin Biscuits Limited, Offa)" Afribary. Afribary, 16 Dec. 2021, https://afribary.com/works/cost-control-and-cost-reduction-as-a-means-of-improving-profitability-in-a-business-organization-a-cases-study-of-okin-biscuits-limited-offa. Accessed 29 Jun. 2022.
Frontiers, Edu, and AWESU AYOOLA . "Cost Control And Cost Reduction as a Means of Improving Profitability in a Business Organization (A Cases Study of Okin Biscuits Limited, Offa)". Afribary, Afribary, 16 Dec. 2021. Web. 29 Jun. 2022. < https://afribary.com/works/cost-control-and-cost-reduction-as-a-means-of-improving-profitability-in-a-business-organization-a-cases-study-of-okin-biscuits-limited-offa >.
Frontiers, Edu and AYOOLA, AWESU . "Cost Control And Cost Reduction as a Means of Improving Profitability in a Business Organization (A Cases Study of Okin Biscuits Limited, Offa)" Afribary (2021). Accessed June 29, 2022. https://afribary.com/works/cost-control-and-cost-reduction-as-a-means-of-improving-profitability-in-a-business-organization-a-cases-study-of-okin-biscuits-limited-offa