This research investigation is focused on the “impact of cost control and cost reduction in manufacturing firms” using Nigeria breweries plc as the case study. Cost control and cost reduction are techniques in management accounting which are employed in the reduction and control of total production cost in a manufacturing firm. Examples of theses methods are economic order quantity (EOQ), variance analysis, budgeting etc. The primary objectives of any firm is to maximize its profit and the way by which the management can achieve this motives is by keeping cost at its lowest level by applying these techniques,. The researcher made use of both primary data and secondary data, structured questionnaires were methods used in collection of primary data. Secondary data were also collected from text books and from various research materials. CHI square was used as statistical tool for analyzing the data. From the finding of this research, it was discovered that profit maximization of Nigeria breweries plc depends of the existence of cost control and cost reduction techniques. Also the existence of cost control and cost reduction techniques would help in decision making and growth of the firm. This research was concluded that cost control and cost reduction techniques are very vital which the firm cannot do without for its effective and efficient application would help in achieving profit maximization. The research also recommends that in order to maintain a good cost control and cost reduction system, the quality of staffs should be considered in other words the firm would have to recruit qualified staffs.
(2018). THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC). Afribary. Retrieved from https://afribary.com/works/the-impact-of-cost-control-and-cost-reduction-in-manufacturing-firms-a-case-study-of-nigeria-breweries-plc-9271
"THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-impact-of-cost-control-and-cost-reduction-in-manufacturing-firms-a-case-study-of-nigeria-breweries-plc-9271. Accessed 08 Jun. 2023.
. "THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)". Afribary, Afribary, 29 Jan. 2018. Web. 08 Jun. 2023. < https://afribary.com/works/the-impact-of-cost-control-and-cost-reduction-in-manufacturing-firms-a-case-study-of-nigeria-breweries-plc-9271 >.
. "THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)" Afribary (2018). Accessed June 08, 2023. https://afribary.com/works/the-impact-of-cost-control-and-cost-reduction-in-manufacturing-firms-a-case-study-of-nigeria-breweries-plc-9271