ABSTRACT
The topic which is on "The use of cost Accounting
information in price determination" deals with the cost informat/on as
required by the management of manufacturing firms in determining the price of
their product. The main problem that led to this research study was to examine
whether there is a significant difference in companies profitability when a
part/cu/ar pricing method while the main objective of the research was to
identify whether the application of a paiticular pridng method by selected
manufacturing firms results to a siqnificant difference in their various
profita blilty. Therefore, it is very necessary that an efficient and effective
costing system is used in determining and assigning price to firm's products.
In the course of the study, data were gathered from related literatures as well
as from interviews and discussion. While the major source of data collection
was secondary data. T - Test was used in analyzing the data and testing the
hypotheses formulated. The study revealed that, the adoption of a uniform
pridng method by the selected manufacturing firms does not result to a
si'nificant difference in their profitability, which supports the first
hypothesis that stated that "there is no si'nificant difference in the
profitability of companies based on cost plus prfdng method" as well as
the second hypothesis that stated that "there is no siqnificant difference
in the profitability of companies based on absorption costing method" This
however led to the acceptance of the two null hypotheses. From the findings, it
was recommended that; • Manufacturing companies should always adopt a un/form
pricing method at a particular period of time to ensure that there is no
si'nificant difference in their profitability. • Manufacturing firms should
always adopt a pricing method that can be able to state their actual profits at
a particular period of time.
EZICHI, N (2021). The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms In Nigeria). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-in-nigeria-7-2
N, EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms In Nigeria)" Mouau.afribary.org. Mouau.afribary.org, 16 Nov. 2021, https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-in-nigeria-7-2. Accessed 28 Nov. 2024.
N, EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms In Nigeria)". Mouau.afribary.org, Mouau.afribary.org, 16 Nov. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-in-nigeria-7-2 >.
N, EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms In Nigeria)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-in-nigeria-7-2