Application Of Cost Accounting Information As A Tool In Product Price Determination (A Case Study Of Life Breweries Plc Onitsha Anambra State)
ABSTRACT
This research was carried out to
study the application of cost accounting information as a tool in product price
determination. It was pertinent because manufacturing firms are usually faced
with problems of inadequate, inaccurate and misleading accounting information
which has made many of them sell their products below cost of production,
withdraw from production when a sizeable portion of its fixed cost would have
been covered and some have even gone ahead to sell their patient right when
there is no need for such. To achieve the foregoing, the researcher sourced
data from two sources namely primary and secondary sources Questionnaire and
interview were the main sources of primary data while some of the works of
others made the secondary sources. The total population for the study was 57
while the sample size was 50. The findings revealed that in the determination
of price of a product, forms consider the cost of production. This is to help
them break-even and possibly make profit. Consequently, this study recommended
that separate cost accounting department should be established for each
manufacturing firm and qualified cost accountants should be employed for
accurate cost information.
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ONUKAOGU, A (2021). Application Of Cost Accounting Information As A Tool In Product Price Determination (A Case Study Of Life Breweries Plc Onitsha Anambra State). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/application-of-cost-accounting-information-as-a-tool-in-product-price-determination-a-case-study-of-life-breweries-plc-onitsha-anambra-state-7-2
AIOZIE, ONUKAOGU. "Application Of Cost Accounting Information As A Tool In Product Price Determination (A Case Study Of Life Breweries Plc Onitsha Anambra State)" Mouau.afribary.org. Mouau.afribary.org, 01 Sep. 2021, https://repository.mouau.edu.ng/work/view/application-of-cost-accounting-information-as-a-tool-in-product-price-determination-a-case-study-of-life-breweries-plc-onitsha-anambra-state-7-2. Accessed 28 Nov. 2024.
AIOZIE, ONUKAOGU. "Application Of Cost Accounting Information As A Tool In Product Price Determination (A Case Study Of Life Breweries Plc Onitsha Anambra State)". Mouau.afribary.org, Mouau.afribary.org, 01 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/application-of-cost-accounting-information-as-a-tool-in-product-price-determination-a-case-study-of-life-breweries-plc-onitsha-anambra-state-7-2 >.
AIOZIE, ONUKAOGU. "Application Of Cost Accounting Information As A Tool In Product Price Determination (A Case Study Of Life Breweries Plc Onitsha Anambra State)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/application-of-cost-accounting-information-as-a-tool-in-product-price-determination-a-case-study-of-life-breweries-plc-onitsha-anambra-state-7-2