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ABSTRACT
The topic of this research is effects of standard costing on
the profitability of a manufacturing company. The purpose of this study was to
discover if the application of standard costing techniques have any effect on
profitability, to explore the relationship between standard costing and the profitability
of manufacturing companies and also to determine whether standard costing
techniques and principles are being adopted and practiced in Nigerian
manufacturing companies (Nigerian breweries Plc). The design of this study is
descriptive survey method and the study was conducted in Nigerian Breweries Plc,
Alakia Ibadan. Self administered questionnaire was used to collect data which
was analysed using frequency table and chi-square. It was discovered that
proper accounting records are kept and are significantly necessary in the
management of the company, the company employed standard costing in costing
their product and decisions were made with the standard costing information
obtained in the company. The accounting reports were prepared and presented to
the company’s management and that actions were taken promptly on the information
given in the report. It was also discovered that effective application of
standard costing has effect on the profitability of the company, the company benefited in a significant way
through the use of standard costing especially in the improvement of profit.
The researcher came to a conclusion that standard costing was widely used in
Nigerian manufacturing companies and that standard costing enhanced adequate
planning, control and decision making processes in the company. That standard
costing enhanced manufacturing companies in the elimination of unprofitable
products, provision of costing information and cost control.
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TABLE
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OF CONTENTS
GUzuWEJ5c001185504ba8.75210981, C. (2018). EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC, ALAKIA IBADAN). Afribary. Retrieved from https://beta.afribary.com/works/effects-of-standard-costing-on-the-profitability-of-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-alakia-ibadan-8708
GUzuWEJ5c001185504ba8.75210981, CniHq5f5c0011854fa6e1.88778486 "EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC, ALAKIA IBADAN)" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/effects-of-standard-costing-on-the-profitability-of-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-alakia-ibadan-8708. Accessed 24 Apr. 2025.
GUzuWEJ5c001185504ba8.75210981, CniHq5f5c0011854fa6e1.88778486 . "EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC, ALAKIA IBADAN)". Afribary, Afribary, 29 Jan. 2018. Web. 24 Apr. 2025. < https://beta.afribary.com/works/effects-of-standard-costing-on-the-profitability-of-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-alakia-ibadan-8708 >.
GUzuWEJ5c001185504ba8.75210981, CniHq5f5c0011854fa6e1.88778486 . "EFFECTS OF STANDARD COSTING ON THE PROFITABILITY OF MANUFACTURING COMPANIES (A CASE STUDY OF NIGERIAN BREWERIES PLC, ALAKIA IBADAN)" Afribary (2018). Accessed April 24, 2025. https://beta.afribary.com/works/effects-of-standard-costing-on-the-profitability-of-manufacturing-companies-a-case-study-of-nigerian-breweries-plc-alakia-ibadan-8708