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.
EZICHI, N (2021). The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria). Mouau.afribary.org: Retrieved Nov 26, 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
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 26 Nov. 2024.
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. 26 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 >.
N., EZICHI. "The Use Of Cost Accounting Information In Price Determination (A Study Of Selected Manufacturing Firms Nigeria)" Mouau.afribary.org (2021). Accessed 26 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