THE EFFECTIVENESS OF STANDARD COSTING AS A CONTROL TOOL FOR PERFORMANCE EVALUATION IN MANUFACTURING INDUSTRIES (A STUDY OF ANAMMCO EMENE ENUGU)

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ABSTRACT

Basically the direction towards an efficient production of goods and services could be as a result of an effective control of cost of production. The study of standard costing as an aid in production cost control is very imperative especially in an economy with high rate of inflation and where prices of goods and services are constantly increasing with no hope of reduction with the effect that the real value of money in the consumers hand is lower than its face value. This being the case, the consumers only have little to spend, therefore what will be uppermost in their minds is to buy products of cheaper rate when compared with other products of the same quality. So this research looked into how effective stand costing is in the control of production cost and performance appraisal with reference to the Anambra motor manufacturing company (ANAMMCO) Enugu. It is the believe of the researcher that for the company to meet one of its goals of producing at a reduced cost but consistent quality for customers satisfaction. It has to establish measures to effectively monitor and control production cost. Standard, costing is one of the measures of achieving this. Conclusively, in order to achieve this purpose, background of study, statement of problem, objective of study, signification of study were show in chapter one of this project.

TABLE OF CONTENTS

Title page

Approval page

Dedication

Acknowledgment

Abstract

Table of contents

CHAPTER ONE

1.1. Introduction

1.2. State of the problem

1.3. The Objective of the study

1.4. Formulation of hypothesis

1.5. Research questions

1.6. Significance of study

1.7. Research method

1.8. Scope and limitation of the study

1.9. Definition of terms

References

CHAPTER TWO:

LITERATURE REVIEW

2.1. Meaning of standard costing

2.2. Types of standard costing

2.3. Objective of standard costing

2.4. Setting standard

2.5. Basic variance analysis

2.6. Causes of variance

2.7. Purpose of variance analysis

2.8. Uses of standard costing

2.9. Merits of standard costing

2.10. Problems of standard costing

References

CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY

3.1. Introduction

3.2. Sources of data

3.3. Population and sampling

3.4. Analysis of tools

References

CHAPTER FOUR:

DATA PRESENTATION AND ANALYSIS

4.1. Introduction

4.2. Presentation and analysis of references demographic analysis

4.3. Analysis of questions

4.4. Test of hypothesis

References

CHAPTER FIVE: FINDINGS, CONCLUSION AND RECOMMENDATION

5.1. Summary of findings

5.2. Recommendations

5.3. Conclusion

Bibliography

Appendix

Questionnaire

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THE EFFECTIVENESS OF STANDARD COSTING AS A CONTROL TOOL FOR PERFORMANCE EVALUATION IN MANUFACTURING INDUSTRIES (A STUDY OF ANAMMCO EMENE ENUGU)

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