Effect Of Cost Reduction On Profitability In A Processing Industry, A Survey Of Some Selected Oil Companies In Rivers State
ABSTRACT
The study effect
of cost reduction and profit measurement in a process industry, and their
possible association with the prevalence of several self reported respiratory
and decimal systems, and problem of process costing are appiied successfully in
the manufacturing industries where firm have a continuous flow of identical
product, where it i not possible to distinguish one unit from another. In
literature review, instead of viewing each job as cost center, wç concentrate
on areas of activities such as departments and divisions. the study population
is given as: 85 which consist of the junior, senior, management staffs and
cognitic.al department, statistical tools used was laro yamani tormular to
cieternilne my sample size which is 70. The findings also revealed that the
output oii production plant could be a I mdi product or service as an input to
other production processes, having analyzed the data coliected I recommend
that, the costing should recognize I he work in progress at the end of the
period in arriving at the unit cost for th month, and there should he a device
to ascertain the percentage so that, el fectivtiflht (dli n computed
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IKE, J (2021). Effect Of Cost Reduction On Profitability In A Processing Industry, A Survey Of Some Selected Oil Companies In Rivers State. Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-on-profitability-in-a-processing-industry-a-survey-of-some-selected-oil-companies-in-rivers-state-7-2
JP, IKE. "Effect Of Cost Reduction On Profitability In A Processing Industry, A Survey Of Some Selected Oil Companies In Rivers State" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 29 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-on-profitability-in-a-processing-industry-a-survey-of-some-selected-oil-companies-in-rivers-state-7-2. Accessed 26 Nov. 2024.
JP, IKE. "Effect Of Cost Reduction On Profitability In A Processing Industry, A Survey Of Some Selected Oil Companies In Rivers State". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 29 Jun. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-on-profitability-in-a-processing-industry-a-survey-of-some-selected-oil-companies-in-rivers-state-7-2 >.
JP, IKE. "Effect Of Cost Reduction On Profitability In A Processing Industry, A Survey Of Some Selected Oil Companies In Rivers State" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-on-profitability-in-a-processing-industry-a-survey-of-some-selected-oil-companies-in-rivers-state-7-2