THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)

ABSTRACT
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.

TABLE OF CONTENTS
Title Pagei
Approval Pageii
Dedicationiii
Acknowledgementiv
Abstractix
Table of Contentsx

CHAPTER ONE: INTRODUCTION
1.1Background of the study1
1.2Statement of the Problem7
1.3Objective of the study9
1.4Research Questions10
1.5Formulation of Hypotheses 11
1.6Significance of the Study 13
1.7Scope/ Delimitation of the Study14
1.8Limitation of the study 15
1.9Definition of Terms 17

CHAPTER TWO: 
REVIEW OF RELATED LITERATURE
2.1Cost Control 20
2.2Cost Reduction 21
2.3Cost Control Methods 22
2.4Cost Reduction Techniques  53
References
 
CHAPTER THREE: 
METHODOLOGY
3.1Research Design68
3.2Area of the Study68
3.3Population of the study69
3.4Sample and sampling Procedure69
3.5Instrument for Data Collection70
3.6Validation of the Instrument71
3.7Reliability of the Instrument71
3.8Administration of the Instrument72
3.9Method of Data Analysis73

CHAPTER FOUR:
DATA PRESENTATION AND RESULT
4.1Data Presentation and findings 74
4.2Discussion of Findings       94
4.3 Summary of Findings              96

CHAPTER FIVE: 
CONCLUSIONS AND RECOMMENDATIONS 
5.1Conclusion97
5.2Recommendation98
5.3Suggestions for Further Research99
Bibliography
Appendix 
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APA

Kings, S. (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

MLA 8th

Kings, Solomon "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 29 May. 2024.

MLA7

Kings, Solomon . "THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)". Afribary, Afribary, 29 Jan. 2018. Web. 29 May. 2024. < https://afribary.com/works/the-impact-of-cost-control-and-cost-reduction-in-manufacturing-firms-a-case-study-of-nigeria-breweries-plc-9271 >.

Chicago

Kings, Solomon . "THE IMPACT OF COST CONTROL AND COST REDUCTION IN MANUFACTURING FIRMS (A CASE STUDY OF NIGERIA BREWERIES PLC)" Afribary (2018). Accessed May 29, 2024. https://afribary.com/works/the-impact-of-cost-control-and-cost-reduction-in-manufacturing-firms-a-case-study-of-nigeria-breweries-plc-9271

Document Details
Field: Accounting Type: Project 110 PAGES (12219 WORDS) (doc)