THE IMPACT OF COST CONTROL IN MANUFACTURING INDUSTRIES AS WELL AS ITS PROBLEM
ABSTRACT
These research works try as much as possible to look into the impact of cost control in manufacturing industries as well as its problem. In pursuance of this objective, there will be head to highlight the following. Make detailed explanation of the methodology involved in the heading of the cost control in that case study. Chapter one of this project based on the scopes, purpose, hypothesis in a manufacturing concern, it also deals with the background statement of the problem and definition of term in the cost control system. Chapter two deals with the literature review where definition and meaning of cost control, control methods need for cost control, importance, modern development, types, merits, costing system and cost control as it affects Nigeria Bottling Company Plc was being mention here. Chapter three deals with the research methodology like area of study, population, sample and sampling procedure, method of data collection and others.
Chapter four based on data analysis and interpretation of the study. Also deals with findings that are concern mainly with that method adopted. It recommended that if more accurate cost control record kept, the organization would achieve more than their present value of their production.
CHAPTER ONE
1.0 General Introduction
1.1 Background of the study
Management as a discipline is becoming more dynamic in nature as a result of complexities that surrounds our business world. Numerous routine planning and control activities formally performed by clerks have now been developed into sophisticated functions with far reading effect on corporate objectives and profits. Cost control, a vital element of cost management is one of such functions. Cost can be defined as the monetary measures of value consumed acquired. It is the amount of expenditure (actual or national) incurred on or attributable to a specific thing or activity.
