ABSTRACT
All over the world, businesses are set up ultimately to make and maximize profit. Effective planning is sino-qua-non to the attainment of this objective. Since profit is the “Life Wire” of any organization, it becomes expedient that such profits be planned for and by doing, decisions capable of affecting the long term efficiency of the business are made. This study is carried out to test the effectiveness of marginal costing techniques as a management tool for profit planning and decision making in manufacturing companies. Two hypothesis were tested on the effectiveness or otherwise of marginal costing technique and the relationship between three significant valuable (cost, volume and profit) in profit planning and decision making. The finding of the analysis carried out suggested that marginal costing is a vital tool in the area of profit) planning and solid decision making. However, marginal costing technique is not totally independent and therefore should not isolated from other techniques. The combination of the techniques with other powerful techniques such as budgetary system, overhead absorption costing e.t.c. will produce a better result. Finally, for marginal costing techniques to serve its purpose there are a number of limiting assumption upon which it is based and these must be fully recognized.
SAMUEL, B (2021). Marginal Costing Techniques: Its Effectiveness as Managerial Tool for Profit Planning and Decision-Making in Manufacturing Companies. (A Case Study of Selected Manufacturing Companies in Ilor. Afribary. Retrieved from https://afribary.com/works/marginal-costing-techniques-it-s-effectiveness-as-managerial-tool-for-profit-planning-and-decision-making-in-manufacturing-companies-a-case-study-of-selected-manufacturing-company-in-ilorin-k
SAMUEL, BABASOLA "Marginal Costing Techniques: Its Effectiveness as Managerial Tool for Profit Planning and Decision-Making in Manufacturing Companies. (A Case Study of Selected Manufacturing Companies in Ilor" Afribary. Afribary, 15 Dec. 2021, https://afribary.com/works/marginal-costing-techniques-it-s-effectiveness-as-managerial-tool-for-profit-planning-and-decision-making-in-manufacturing-companies-a-case-study-of-selected-manufacturing-company-in-ilorin-k. Accessed 23 Apr. 2024.
SAMUEL, BABASOLA . "Marginal Costing Techniques: Its Effectiveness as Managerial Tool for Profit Planning and Decision-Making in Manufacturing Companies. (A Case Study of Selected Manufacturing Companies in Ilor". Afribary, Afribary, 15 Dec. 2021. Web. 23 Apr. 2024. < https://afribary.com/works/marginal-costing-techniques-it-s-effectiveness-as-managerial-tool-for-profit-planning-and-decision-making-in-manufacturing-companies-a-case-study-of-selected-manufacturing-company-in-ilorin-k >.
SAMUEL, BABASOLA . "Marginal Costing Techniques: Its Effectiveness as Managerial Tool for Profit Planning and Decision-Making in Manufacturing Companies. (A Case Study of Selected Manufacturing Companies in Ilor" Afribary (2021). Accessed April 23, 2024. https://afribary.com/works/marginal-costing-techniques-it-s-effectiveness-as-managerial-tool-for-profit-planning-and-decision-making-in-manufacturing-companies-a-case-study-of-selected-manufacturing-company-in-ilorin-k