COST CONTROL AND THE PROFITABILITY OF MANUFACTURING COMPANY (A CASE STUDY OF CHAMPIONS BREWERIES PLC)

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COST CONTROL AND THE PROFITABILITY OF MANUFACTURING COMPANY (A CASE STUDY OF CHAMPIONS BREWERIES PLC)

ABSTRACT

High operating costs have really affected many manufacturing company. Thus, cost control and the profitability of manufacturing company using Champion Breweries Plc as a case study was examined. Descriptive survey research design was adopted in this study. Population of the study was made up of the senior staff, totalled 42. Taro Yamane’s formula was used to determine the sample size of 38. Instrument for data collection was questionnaire. Findings revealed that cost control increases profit margin, increase return on capital and show the efficiency of management performance.  Recommendation was made that the company should provide a cost control centre to take the responsibility of standard costing and manager should take appropriate actions based on the information to the report.    

TABLE OF CONTENTS

Title Page

Certification        –               –       –       –       –       –       ii

Dedication –       –       –       –       –       –       –       –       iii    

Acknowledgements     –       –       –       –       –       –       iv    

Abstract     –       –       –       –       –       –       –       –       v    

Table of Contents       –       –       –       –       –       –       vi

List of Tables      –       –       –       –       –       –       –       vii-ix

CHAPTER ONE

INTRODUCTION

Background of the Study     –       –       –       –       1-3

Statement of the Problem    –       –       –       –       3-4

Objectives of Study     –       –       –       –       –       4

Research Questions    –       –       –       –       –       4    

Significance of the Study     –       –       –       –       5    

Scope and Limitations of the Study       –       –       6    

Organization of Study –       –       –       –       –       6    

Definition of Terms     –       –       –       –       –       7-9  

End Notes

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1    Introduction       –       –       –       –       –       –       11

2.2    Concept of Standard Costing        –       –       –       11-12      

2.3    Step in Cost Control    –       –       –       –       –       12-13

2.4    Cost Structure on Profitability       –       –       –       13-15

2.5    Effective Cost Editing Strategies to Increase

Project Margin    –       –       –       –       –       –       15-16

2.6    Standard cost and Budgeting Technique       –       –       16-17

2.7    Profitability         –       –       –       –       –       –       18

2.7.1 Concept of Profitability –       –       –       –       –       18   

2.7.2 Measurement of Profitability         –       –       –       –       19   

2.7.3 Selling Price       –       –       –       –       –       –       19   

2.8    Cost Control Application       –       –       –       –       20   

2.9    Cost Control and Education  –       –       –       –       20   

End Notes

CHAPTER THREE

RESEARCH METHODOLOGY

3.1    Introduction                         –     –       –       –       24          

3.2    Design of the Study    –       –       –       –       –       24   

3.3    Area of the Study       –       –       –       –       –       24-25      

3.4    Population of the Study       –       –       –       –       25

3.5    Sample Size and Sampling Technique – –       –       25

3.6    Instrument and Method of Data Analysis       –       26

3.7    Data Analysis Technique      –       –       –       –       26   

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1    Introduction       –       –       –       –       –       –       27   

4.2    Data Presentation and Analysis    –       –       –       28-31      

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1      Summary of Findings –       –       –       –       –       32   

5.2      Conclusion         –       –       –       –       –       –       –       32   

5.3      Recommendations              –       –       –       –       33   

References  

Appendix

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