Evaluation Of Standard Costing Technique With Respect To Material Costing And Corporate Performance In An Organization

ABSTRACT

In Nigeria, there have been several measures employed in order to make the economy come to the grips-counter trade, structural adjustment program, foreign exchange market, second-tier foreign market, bans and restrictions, privatization and commercialization. These have in one way or the other adversely affected the buying behavior of the most consumers. Cost of production has increased in the manufacturing sector, which has culminated in the high prices of goods and services. b. Consequently, no appreciable level of demand could be recorded by most firms as buyers' purchasing power could not keep pace with price level SO with the recession, greater efforts should be geared towards keeping the costs to the lowest minimum through efficient and effective utilization of both Ii uman and material resources.