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  3. The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria)

The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria)

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ABSTRACT
The impact of standard costing on profitability and managerial effectiveness of a manufacturing industry.  The standard cost reveals the goals, spur actions, and provide check or controls such that exceptional profit oriented goal performance can be achieved and on the reverse, adequate punishment to be exercised for bad performance.  Standard costs cause appraised to be made over production facilities and from management intentions and capabilities and is a first step in strength and weakness appraisal.
There also led to the preference of standard costing to other methods with the development of standard of standard costing system in 1920s, it was brought into the accounting system that total variances might be accumulated as well as detailed variances.
It is believed that standard costing helps management to plan for future, and if any justification is required for this project on the effects of standard costing on profitability’s and managerial effectiveness of a manufacturing industries.
Firstly, the financial management should penetrate into every cranny of the enterprise and indoctrinate all management in their working habits.  Secondly, cost should be given the maximum attention while emphasis on the effects.
Finally, since revenue less cost gives balance profit, the profit should be increase as it is what industry is aiming at.

TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Table of contents
Abstract

CHAPTER ONE:  INTRODUCTION
1.1 Brief Historical of the Case under study
1.2 Statement of the problem
1.3 Purpose of the study
1.4 Significance of the study
1.5 Scope of the study
1.6 Limitation of the study
1.7 Assumption of the study
1.8 Research Hypothesis
1.9 Definition of terms
References

CHAPTER TWO
2.1 Standard Costing and Overview
2.1.1 Characteristics of Standard Costing
2.1.2 Misconception of standard costing
2.1.3 Criticism of standard costing
2.1.4 Advantages of standard costing
2.1.5 Disadvantages of standard costing
2.2 Essential features of standard costing
2.2.1 Standard Cost Card
2.2.2 Type of Standard
2.2.3 Setting standard 
2.2.4 Revision of Standard
2.3 Accounting Variance
2.4 Controllable and Uncontrollable Variance
2.5 Favourable and Unfavourable Variance
2.6 Areas Standard Costing helps in improving management efficiency
References

CHAPTER THREE
3.0 Design and Methodology
3.1 Selection of Data
3.1.1 Primary Data
3.1.2 Secondary Data
3.2 Collection of Data

3.3 Tools of data Analysis
3.4 Reliability of data

CHAPTER FOUR:
4.0 Data presentation and analysis
4.1 Presentation of data
4.2 Analysis of data
4.3 Testing Hypothesis
4.4 Interpretation of result

CHAPTER FIVE:
5.0 Summary of findings
5.1 Summaries of findings
5.2 Conclusion from the study 
5.3 Recommendation
References
Bibliography
Appendices 

 

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(2014, 10). The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria).. ProjectStoc.com. Retrieved 10, 2014, from https://projectstoc.com/read/3890/the-impact-of-standard-costing-on-profitability-and-managerial-effectiveness-of-a-manufacturing-industry-a-case-study-of-ferdinand-industries-limited-urulla-ideato-north-local-government-area-of-imo-state-nigeria-6729
"The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria)." ProjectStoc.com. 10 2014. 2014. 10 2014 <https://projectstoc.com/read/3890/the-impact-of-standard-costing-on-profitability-and-managerial-effectiveness-of-a-manufacturing-industry-a-case-study-of-ferdinand-industries-limited-urulla-ideato-north-local-government-area-of-imo-state-nigeria-6729>.
"The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria).." ProjectStoc.com. ProjectStoc.com, 10 2014. Web. 10 2014. <https://projectstoc.com/read/3890/the-impact-of-standard-costing-on-profitability-and-managerial-effectiveness-of-a-manufacturing-industry-a-case-study-of-ferdinand-industries-limited-urulla-ideato-north-local-government-area-of-imo-state-nigeria-6729>.
"The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria).." ProjectStoc.com. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/3890/the-impact-of-standard-costing-on-profitability-and-managerial-effectiveness-of-a-manufacturing-industry-a-case-study-of-ferdinand-industries-limited-urulla-ideato-north-local-government-area-of-imo-state-nigeria-6729.