Cost- Volume- Profit Analysis And Profitability Target (A Survey Of Selected Manufacturing Companies In Rivers State).
ABSTRACT
This research was carried out to
study the use and application of cost - volume-profit analysis in the setting
of profitability targets by manufacturing firms in Rivers State. It was
pertinent because manufacturing firms are usually faced with problems having
cost, volume and profit implications. To achieve the foregoing, the major
research instruments used were questionnaires, which were administered to 21
manufacturing firms in Rivers State. The findings revealed that cost
volume-profit analysis is not used effectively in manufacturing firms in Rivers
State because most of its assumptions do not conform to real life situations found
in these manufacturing firms. Consequently, this study recommended that
cost-volume - profit analysis should be used be short-run decision-making and
also that manufacturing companies should operate and maintain a separate cost
accounting system to ensure proper application of cost volume profit analysis.
Furthermore seminars should be organized by professional bodies like Institute
of Chartered Accountants of Nigeria (ICAN) to educate accountants and managers
on other techniques which can aid them in setting good profit targets.
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ONYEBUCHI, S (2021). Cost- Volume- Profit Analysis And Profitability Target (A Survey Of Selected Manufacturing Companies In Rivers State).. Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/cost-volume-profit-analysis-and-profitability-target-a-survey-of-selected-manufacturing-companies-in-rivers-state-7-2
SOLOMON, ONYEBUCHI. "Cost- Volume- Profit Analysis And Profitability Target (A Survey Of Selected Manufacturing Companies In Rivers State)." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 14 Jul. 2021, https://repository.mouau.edu.ng/work/view/cost-volume-profit-analysis-and-profitability-target-a-survey-of-selected-manufacturing-companies-in-rivers-state-7-2. Accessed 26 Nov. 2024.
SOLOMON, ONYEBUCHI. "Cost- Volume- Profit Analysis And Profitability Target (A Survey Of Selected Manufacturing Companies In Rivers State).". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 14 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/cost-volume-profit-analysis-and-profitability-target-a-survey-of-selected-manufacturing-companies-in-rivers-state-7-2 >.
SOLOMON, ONYEBUCHI. "Cost- Volume- Profit Analysis And Profitability Target (A Survey Of Selected Manufacturing Companies In Rivers State)." Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/cost-volume-profit-analysis-and-profitability-target-a-survey-of-selected-manufacturing-companies-in-rivers-state-7-2