ABSTRACT

The   topic of this research is application of standard costing as an effective control  tools  to  Nigeria  Breweries  Plc.  The  resources  zvailabrc     [0   any organization is limited. Thus, there is the need to effectively utilize such scarce resources to achieve the organizational  goal.  In the process  of achieving this aim,  organizations  employ  some of  the  control  instruments   like  budgetary control, standard costing and variance analysis. This study aims at ascertaining the problems surrounding the implementation of this cost control instrument in an organisation. The application of standard costing and its variance analysis was  discovered  to  be  sign  post,  which  alert  management  to  the  need  for enquiring into causes of standard result.  It was  equally discovered that poor standard and inability to investigate  variance have reduced the  usefulness of these short instruments.  In this   study, two research question were asked, two hypothesis were formulated and tested and received for analysis. The research covered five chapters. Chapter one is talking about the back ground,  statement of the problem, objectives research   questions research hypothesis significant and  limitations   of  the  study.  Chapter  two  which  is  the  literature  review examines the over view of the application of standing costing especially the Nigeria breweries plc.    Chapter three deals   with research methodology ::-nd design, scope, population and sample sizes, data collection,  instrument tor ctata collection, validity and   reliability of research  instrument and data collection analysis. chapter   four  deals with presentation of analysis and interpretation of data  and  results  testing  of hypothesis  and  interpretation  of  the  result.  The summary of the findings, concludes that the null hypothesis  was accepted and the  alternative  rejected.  ln  that  adverse  variance  is  not properly    pursued. Testing of second  hypotheses the alternative hypotheses  was accepted and the null rejected concluding that application of standard costing aids managerial efficiency especially  in the Nigeria breweries  Plc. Chapter five finally deals with the summary , conclusion and recommendations. Based on that four points of recommendation on how best to achieve greater benefit in the use of variance analysis like ensuring that the managers were fully involved in the setting of standards and budget preparation in their area of responsibility.

TABLE OF CONTENT

Titiepage     - '

Certification

Declaration

Dedication   -                                                                                            iv 

Acknowledgement

Table of content

Abstract                                                                                                     ix

CHAPTER  ONE

.1    INTRODCUTION                                                                         1

1.2       Background  of the Study -                                                                 3

1.2       Statement  of the Problem

   objective  of the study                                                                           4

  Research  Questions                                                                              4

 1.5        Research  Hypothesis                                                                             4

1.6       Significance  of the Study-                                                        5

1.7     Scope and Limitation  of Study                                                           6

CHAPTER  TWO

2.0 REVIEW  OF REVIEW  LITERATURE -                             7

2.1 Setting of Standard  Cost  - 15

2.2 Standard  and Cost Card .      ~

Establishment   of Cost Effective  Reporting  System Classification   of Variance 1

2.6    Investigation  of Variance-                                                        21

2.7      Summary  of Review  Of Related Literature  -                                  22

CHAPTER THREE

3.0   RESEARCH  DESIGN AND METHODOLOGY                    23

3.1   Research Design    -                                                                  23

3.2   Population of the Study   -                                                       23

3.3      Scope of the Study-                                                                        24

3.4   Sample Size Procedure and Techniques                                        24

3.5       Data Collection Procedure                                                             24

3.6   Instruments for Data Collection -                                                  24

 3.8  Reliability of Research Instrument                                                25]

 3.9  Data Analysis Procedure -                                                             26

CHAPTER  FOUR

4.1       Presentation Analysis and Interpretation of Data                          28

4.2   Testing Hypothesis                                                                  40

CHAPTER  FIVE

5.0       SUMMARY,   CONCLUSION    AND RECOMMENDATION       -         45

5.2        Summary  of the Findings-                                                                              45

5 .3     Conclusion    -                                                                                                   46

5 .4     Recommendation                                                                                              47

5 .5        Summary  of the Procedures  Used in the Study                                           48

References

Glossary

Definitition of terms