The Impact Of Cost Control On Manufacturing Companies In Nigeria

Download complete final year project materials on The Impact Of Cost Control On Manufacturing Companies In Nigeria  from chapter one to five including references

Nigeria Bottling Company was as a private company with authorized share capital of N200,000 divided into 400,000 ordinary share of 50k each.

The entire share holding was owned by foreign shareholders notably late Anachosias George Leventis and connotative P. Leventis. The company was established for the purpose of manufacturing marking accredited table water, such as coca-cola, Fanta and sprite in Nigeria under a franchise agreement with coca-cola international through changing of distribution outlet over the country.

TABLE OF CONTENT

Title Page

Certification

Dedication

Acknowledgement

Table of contents

1.0 CHAPTER ONE: INTRODUCTION

1.1 Introduction

1.2 Statement of the problem

1.3 Objective of the study

1.4 Significance of the study

1.5 Research Question

1.6 Scope of the study

1.7 Limitation of the study

1.8 Plan of the study

1.9 Definition of terms

2.0 CHAPTER TWO: LITERATURE REVIEW

2.1 Review of related literature

2.2 Theoretical framework cost control method

2.3 Review of related reports

2.4 Appraisal of literature review

3.0 CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Research Hypothesis

3.2 Data Specification

3.3 Method of data collection

3.4 Population and sample size

3.5 Sampling techniques

3.6 Method of data analysis

4.0 CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1 Research methodology

4.2 Discussion of the analysis

4.3 Hypothesis testing

4.4 Discussion of findings

5.0 CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Summary

5.2 Conclusion

5.3 Recommendations

Reference

CHAPTER ONE

1.1 INTRODUCTION

However over past six decade the company has diversified tremendously into the vita areas through subsidiaries and associates. About eleven years age, Nigeria Bottling Company Plc acquired at Ikeja, the Lagos Bottling facilities and other assets of Nigeria Soft drinks company bottlers of schoppes range of product.

The main purpose was to eliminate competition in the area of bitter lemon product around that time, the company took over the assets of Nigeria soft drinks and other sapanda industry limited, Aba, Imo State in the South. All were done to associate the company base and strength its competitive position.

The maize product company operates the following agro-industry ventures which are integrated with the company farming activities.

1. i) Maize milling and maize grinds plant
2. ii) Rice milling and par-boiling

iii)  Oil extract and refining

The company bottling activities are now carried out in 20 plants in various parts of the federation.

1.2 STATEMENT OF THE RESEARCH PROBLEM

This study intends to find out cost control in manufacturing industry and how coca-cola bottling company is financed under the control, the study will examine the following:

1.  The expensiveness of cost control in the coca-cola bottling company plc.
2.  How cost control affect the co-ordination data
3. How cost control affect the capital expenditure of the company
4.  The way which cost control affect militate against current expenditure in financing the company
5.  The implementation of cost control in the enrolment of members of staff in the company

1.3 OBJECTIVE OF THE STUDY

The main purpose of the study is to make official review and analytical demonstration of cost control problem in a manufacturing cost system defer from one industry to another.

In purpose of these objectives, we have to:

1.  Identify the cost control system and used in Nigeria bottling company Plc.
2.  Determine the importance of cost control in Nigeria Bottling Company Plc.
3. More detailed explanation of the methodology involve in the handing of cost with particular emphasis on Nigeria Bottling Company Plc
4.  Assess the effectiveness of cost control in our case study (costs and budget)
5.  Determine the unit cost of production.

The purpose of this project work is to discuss the means and method of cost control with special references to Nigeria Bottling Company Plc.

1.4SIGNIFICANCE OF THE STUDY

The study is concern with the relationship between the control in a bottle manufacturing company as case study of coca-cola bottling Ilorin and also member of the public as a whole. In that, the researcher will be able to assess the public as a whole and specifically by coca-cola Bottling Company Plc in the economic development in Nigeria.

Such assessment with through light in the benefit derivation by Nigeria men and women from the activities proceeded by coca-cola bottling company in Nigeria.

1.5 RESEARCH QUESTIONS

The research process will answer the following question:

1.  Which is the best pricing policy for a product of the coca-cola Bottling companies?
2.  To what extent does impact of cost control affect the manufacturing industry?
3. To what extent does proper cost control affect manufacturing industry?
4. How effective do manufacturing industries implement cost control in their activities?

1.6 SCOPE OF THE STUDY

Among the primary responsibility of management is setting up and implementing of control in the industries the project work examine critically the impact of cost control system and two factor management used it also the classification of cost reduction and standard costing.

1.7 LIMITATION OF THE STUDY

This research work is restricted to the Accountant Department and parts of Administration Department of the company, due to the financial problem and limitation of time and distance factor. However, this research work make useful information gather to light more into importance of good cost control in the manufacturing industry.

1.8 STUDY PLAN

The research work is divided into five chapter: the chapter one contain: background of the study, statement of the research problem, objective of the study, significance of the study, research problem, scope of the study, limitation of the study, study plan and definition of terms.

Chapter two contain: literature review used this is where theatrical framework is used and appraisal of literature review and related report.

Chapter three, will look into the historical background of the study and various research method used to get data needed for his work.

Chapter four contains data needed for his work analysis and discussion of findings.

Chapter five, which is the last chapter in written summary, conclusion, recommendation and bibliography.

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