ABSTRACT
The study investigated on the effect of cost management on the profitability of
Nigeria industries. The major objectives of the study are to ascertain the level of
adherence to cost management practices in the manufacturing industries, to
determine the effects of various costs on the profitability of manufacturing
industries in Nigeria and to determine the factors that affect cost management
practices in manufacturing industries. To achieve the objectives of the study,
survey research design method was adopted. The researcher adopted primaly data
in getting the required information. The population of the study is made up of 207
respondents while the sample size is made up of 136 after adopting Taro Yamane
formula. However, a total number of 136 questionnaires were administered to the
respondents, 120 were returned while 16 were void. In testing the hypotheses,
multiple regression analysis was used. The findings revealed that there is a
sign flcant effect of cost management on the profitability of manufacturing firms in
Nigeria. The findings further revealed that there is sign ficant relationship between
cost reduction and the profitability of manufacturing firms in Nigeria. The
researcher recommends that effective cost control, including good responsibility
accounting system, should be established by all business concerns in the country.
The researcher further recommends that cost control should be in place in all
departments, most especially the production department, in order to make sure that
units offinished goods are properly accounted for.
ALOZU, C (2021). Effects Of Cost Management On The Profitability Of Nigeria Industries (A Study Of Selected Industries). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-cost-management-on-the-profitability-of-nigeria-industries-a-study-of-selected-industries-7-2
CHIDINMA, ALOZU. "Effects Of Cost Management On The Profitability Of Nigeria Industries (A Study Of Selected Industries)" Mouau.afribary.org. Mouau.afribary.org, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/effects-of-cost-management-on-the-profitability-of-nigeria-industries-a-study-of-selected-industries-7-2. Accessed 31 Oct. 2024.
CHIDINMA, ALOZU. "Effects Of Cost Management On The Profitability Of Nigeria Industries (A Study Of Selected Industries)". Mouau.afribary.org, Mouau.afribary.org, 09 Jun. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-cost-management-on-the-profitability-of-nigeria-industries-a-study-of-selected-industries-7-2 >.
CHIDINMA, ALOZU. "Effects Of Cost Management On The Profitability Of Nigeria Industries (A Study Of Selected Industries)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effects-of-cost-management-on-the-profitability-of-nigeria-industries-a-study-of-selected-industries-7-2