The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria)

EZICHI OKORIE N. | 49 pages (7391 words) | Projects

ABSTRACT

The topic which is on "The use of cost Accounting in form at/on in price determination" deals with the cost information 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 exam/ne whether there is a significant difference in companies profitability when a particular pricing method while the main objective of the research was to identify whether the application of a particular pricing method by selected manufacturing firms results to a significant difference in their various profitability. Therefore, it is very necessary that an efficient and effective cost/ag 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 pricing method by the selected manufacturing firms does not result to a significant difference in their profitability, which supports the first hypothesis that stated that "there Ls no significant difference in the profitability of companies based on cost plus pricing method" as well as the second hypothesi5 that stated that "there L5 no significant 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 a/ways adopt a uniform pricing method at a particular period of time to ensure that there L no significant difference in their profitability. • Manufacturing firms should a/ways adopt a pricing method that can be able to state their actual profits at a particular period of time.

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APA

EZICHI, N (2021). The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-nigeria-7-2

MLA 8th

N., EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria)" Mouau.afribary.org. Mouau.afribary.org, 28 Jun. 2021, https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-nigeria-7-2. Accessed 01 Nov. 2024.

MLA7

N., EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria)". Mouau.afribary.org, Mouau.afribary.org, 28 Jun. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-nigeria-7-2 >.

Chicago

N., EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-use-of-cost-accounting-information-in-price-determination-a-study-of-selected-manufacturing-firms-nigeria-7-2

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