Effect Of Standard Costing On Profitability Of A Manufacturing Companies (A Study Of Nigerian Breweries Plc)
ABSTRACT
No company that can thrive
without finance and profit is one of the objectives if not the main, where most
of the company's focus on. This study was to discover if standard costing has
any effect on the profitability of manufacturing companies using Nigeria
Breweries PLC as case study. The problem purpose and significance of the study
were considered. From these research questions were pulled. These questions
generated objectives from which hypothesis were formulated. There was also the
necessity to carry out a review of related literatures. The study made use of
responses from distributed questionnaire which served as primary data for the
study. Statistical tools such as frequency and percentage were used to analyze
the data collected. The chi-square statistics tools were used to test the
hypothesis. A careful analysis and test of data collected revealed that there
was really an effect of standard costing on the profitability of manufacturing
companies. Notwithstanding, the researcher has to make recommendations and
these include that companies should provide cost units to take responsibility
of standard costing and that adherence to standard costing information should
be practiced by top management.
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MICHAEL, U (2021). Effect Of Standard Costing On Profitability Of A Manufacturing Companies (A Study Of Nigerian Breweries Plc). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-standard-costing-on-profitability-of-a-manufacturing-companies-a-study-of-nigerian-breweries-plc-7-2
UNIVERSITY, MICHAEL. "Effect Of Standard Costing On Profitability Of A Manufacturing Companies (A Study Of Nigerian Breweries Plc)" Mouau.afribary.org. Mouau.afribary.org, 19 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-standard-costing-on-profitability-of-a-manufacturing-companies-a-study-of-nigerian-breweries-plc-7-2. Accessed 27 Nov. 2024.
UNIVERSITY, MICHAEL. "Effect Of Standard Costing On Profitability Of A Manufacturing Companies (A Study Of Nigerian Breweries Plc)". Mouau.afribary.org, Mouau.afribary.org, 19 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-standard-costing-on-profitability-of-a-manufacturing-companies-a-study-of-nigerian-breweries-plc-7-2 >.
UNIVERSITY, MICHAEL. "Effect Of Standard Costing On Profitability Of A Manufacturing Companies (A Study Of Nigerian Breweries Plc)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-standard-costing-on-profitability-of-a-manufacturing-companies-a-study-of-nigerian-breweries-plc-7-2