Accounting Information And Product Pricing In Manufacturing Organizations In Nigeria (A Study Of Selected Manufacturing Organizations)

ABSTRACT

This study is undertaken to ascertain the relevance of accounting information in product pricing decisions and to ascertain the effect of identified contents of accounting statement on the profitability of manufacturing organizations. Both primary and secondary data collected where analyzed tabulated and presented using simple percentages and nominal distribution statistical toot at a =0.01 significant level . The results found accounting information to be relevant in product pricing in decision making, that sales value has a significant effect on profitability of manufacturing organizations, there cost of production has a negative inverse relationship on profitability of manufacturing organizations, that there is a positive significant relationship between cost of sales and profitability. But also identified five critical factors that militate against proper use of accounting information in manufacturing processes of an organization. In recommendation, the major findings made in the course of this study is that accounting information should be sought for before making decisions on product pricing.