Impact Of Cost Control Measures And Techniques On Corporate Cost Standard (A Case Study Of Guinness Nigeria Breweries Plc)
ABSTRACT
Corporate organizations face common problems,
which include excessive cost of production and unpredictable nature of future
costs rates and events. Due to these, there is needed to find better ways of
managing and controlling this excessive cost especially in manufacturing firms.
The research study was carried out to identify and appraise the cost control
techniques and standard to effect a successful control of cost. The methodology
for gathering the data used includes the collection of data through the use of
questionnaire, textbooks, personal interview, and examination of annual
accounts. After analyzing the data gathered, the research was able to ascertain
that the basic concept of cost control is understood and that cost control can
be achieve with such techniques as responsibility accounting, budgeting, and
variance analysis. The research therefore recommends that management of
manufacturing firms and especially that of Guinness Nigeria Plc, to foster the
proper utilization of production capacity, increase sales volume, encouragement
of staff participation in the company activities in order to directly or indirectly
reduce cost.
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OHAERI, B (2021). Impact Of Cost Control Measures And Techniques On Corporate Cost Standard (A Case Study Of Guinness Nigeria Breweries Plc). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-cost-control-measures-and-techniques-on-corporate-cost-standard-a-case-study-of-guinness-nigeria-breweries-plc-7-2
BEKEE, OHAERI. "Impact Of Cost Control Measures And Techniques On Corporate Cost Standard (A Case Study Of Guinness Nigeria Breweries Plc)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 08 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-cost-control-measures-and-techniques-on-corporate-cost-standard-a-case-study-of-guinness-nigeria-breweries-plc-7-2. Accessed 25 Nov. 2024.
BEKEE, OHAERI. "Impact Of Cost Control Measures And Techniques On Corporate Cost Standard (A Case Study Of Guinness Nigeria Breweries Plc)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 08 Nov. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-cost-control-measures-and-techniques-on-corporate-cost-standard-a-case-study-of-guinness-nigeria-breweries-plc-7-2 >.
BEKEE, OHAERI. "Impact Of Cost Control Measures And Techniques On Corporate Cost Standard (A Case Study Of Guinness Nigeria Breweries Plc)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-cost-control-measures-and-techniques-on-corporate-cost-standard-a-case-study-of-guinness-nigeria-breweries-plc-7-2