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PROJECT TOPIC AND MATERIAL ON PRODUCTION COST CONTROL IN A MANUFACTURING ORGANIZATION
The Project File Details
- Name: Production Cost Control In A Manufacturing Organization
- Type: PDF and MS Word (DOC)
- Size: [70 KB]
- Length:  Pages
1.1 BACKGROUND OF STUDY
The purpose of this research is a modest of attempt to verify the indiscriminate increase in the prices of commodities produced by manufacturing organization in this part of the country which has attracted the attention of many citizens, especially those who know the implications of this continuous rise continuous rise in prices on the people and on the nation’s economy.
This rapid increase in price of manufactured goods can be attributed to cost of production of goods and it is for this reason that the need for the control arises. Moreover, in compliance with the current drive towards structural Adjustment programme (SAP), these organizations are now caught up in the need to control their production cost.
This research paper will, therefore, attempt to give a comprehensive account of the control of costs in the field of production with particular emphasis on manufacturing organizations.
The feature of every organizations the pursuit of a goal and this goal or objective exists in different dimensions.
It is evident, therefore that every manufacturing organization, whether sole, partnership, corporation, among others, must have an objective and the primary objective of these organization is to maximize profit. Any other objective such as social service is purely secondary and generally dependent n profit.