Impacts Of Cost Control On Production Cost In The Manufacturing Industries

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Impacts Of Cost Control On Production Cost In The Manufacturing Industries

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PROJECT TOPIC AND MATERIAL ON IMPACTS OF COST CONTROL ON PRODUCTION COST IN THE MANUFACTURING INDUSTRIES

The Project File Details

  • Name: Impacts Of Cost Control On Production Cost In The Manufacturing Industries
  • Type: PDF and MS Word (DOC)
  • Size: [70 KB]
  • Length: [56] Pages

 

 

 

Abstract

Cost control is of utmost importance in every business concern, the negligence of which will affect the earning at any point in time. In controlling costs, wastage is eliminated during the course of production and even during the administrative, selling and distribution activities. A good system of cost control begins with the behavior of workers in the organization as workers are instrumental to the achievement of organizational goals. In carrying out this research, budget was considered as the basic tool for achieving effective cost control and the study was concentrated on Nigerian Eagle flour mill Ltd, where cost control was viewed from a strategic perspective. Chi-square model was used in analyzing the data and the hypotheses tested confirmed positive impact of cost control on production cost in manufacturing industries.

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