The Effect of Cost Control on the Profit of an Organization

Description

– The Effect of Cost Control on the Profit of an Organization –

Download The Effect of Cost Control on the Profit of an Organization. Accounting students who are writing their projects can get this material to aid their research work.

Abstract

This research work is conducted with a view to determine the effect of cost control in the profit of an Organization. (A case study of ViJu Industries Nigeria limited

The objective of this research work has this mainly to embrace the positive idea of cost control in a bid to achieve desired target, to aid the manufacturing conies to adopt profit planning or budgeting in concise manner and exact analysis of budgeting as an aid to resources utilization.

Also to improve cost control system by adequate control measure in ensuring that rational optimum asset utilization to aid profit attainment and issue completed with control of organization   resources.

The sample size of this work consists about 20 respondents who work in VIJU Industries Nigerian limited. Questionnaires were administered to collect relevant data from them. However the data collected were analyses using sample percentage and the hypotheses tested using the chi-square statistical tool.

Introduction

Cost control is a vital instrument for the survival of any business organization. In furtherance of these however, similarities and dissimilarities would be examined and observation made.

The control of cost is very necessary to the successful operation of different business organization.  Business entity is set up as an economic institution with profit making as a primary business objective.

Achievement of profitability objectives is a concern of every business for no matter the argument for the pace of profitability in modern business it still remain the primary and the only measure of corporate efficiency and vehicle for survival in competitive are turbulent business environment.

To achieve this profitability objective, attempts are made by various business concerns to bring cost to its bearest minimum and the essence of this cost awareness has been further amplified by the current high cost of raw material are other production cost.

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