Cost Control And Profit Planning In Manufacturing Industries In Nigeria (A Study Of Unilever Plc, Lagos Branch)
ABSTRACT
This study focused on
cost control and profit planning in manufacturing industries using Unilever plc
as a case study. It was pertinent because manufacturing firms are usually faced
with the problem of controlling cost that will enhance profit maximization. The
data collected were primary and secondary data. The primary data which is the
questionnaire administered to the firm and also personal interviews conducted
while the secondary data area journal, textbooks, and other publications. The
population derived from the fmn is 100, the sample size was derived from the
population by the use of a sampling tool called Taro Yemen formula, and the
sample size derived is 80. Eighty (80) questionnaires were distributed and 70
were returned duly filled and completed. The hypotheses were analyzed using Chi
Square (X2) method at 5% significance level. One of the major fmdings is that cost
control is seen as a starting point to achieving organizational goals. Based on
the findings, recommendations were provided on how to improve cost control and
profit planning, one of which is to employ qualified accountant to keep and
monitor cost records in manufacturing industries.
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CHINEDU, N (2021). Cost Control And Profit Planning In Manufacturing Industries In Nigeria (A Study Of Unilever Plc, Lagos Branch). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/cost-control-and-profit-planning-in-manufacturing-industries-in-nigeria-a-study-of-unilever-plc-lagos-branch-7-2
NWABUKO, CHINEDU. "Cost Control And Profit Planning In Manufacturing Industries In Nigeria (A Study Of Unilever Plc, Lagos Branch)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Nov. 2021, https://repository.mouau.edu.ng/work/view/cost-control-and-profit-planning-in-manufacturing-industries-in-nigeria-a-study-of-unilever-plc-lagos-branch-7-2. Accessed 25 Nov. 2024.
NWABUKO, CHINEDU. "Cost Control And Profit Planning In Manufacturing Industries In Nigeria (A Study Of Unilever Plc, Lagos Branch)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Nov. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/cost-control-and-profit-planning-in-manufacturing-industries-in-nigeria-a-study-of-unilever-plc-lagos-branch-7-2 >.
NWABUKO, CHINEDU. "Cost Control And Profit Planning In Manufacturing Industries In Nigeria (A Study Of Unilever Plc, Lagos Branch)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/cost-control-and-profit-planning-in-manufacturing-industries-in-nigeria-a-study-of-unilever-plc-lagos-branch-7-2