Eduproject.com.ng logo - RESEARCH PROJECT TOPICS AND PROJECT TOPICS ON EDUCATION

PROJECT TOPIC: COST CONTROL IN PRACTICE IN SMALL SCALE ENTERPRISES A CASE STUDY OF SOME SELECTED BAKERIES IN OZORO

Project Body:


CHAPTER ONE

INTRODUCTION

Background of the Study

One of the basic feature by which smooth running of an organization could be accomplishes rest of the chronology operations. It is the fact that step by step movement of cost control must be put in place in order to prevent fraud and irregularities in the establishment must especially for proper records keeping and control of cost. In any business organization with out proper control of cost it will be difficult to know to produce, material needed at a particular time. Lucey (2002) said the cost accounting system of any organization is the foundation of internal information system. Management needs variety information to plan, to control cost in the enterprises. It is the production mangers who need such information that regarding raw materials, at a particular time in other to know quality to produce to avoid over production or under production which ever the case mat be. Hence, the need of cost control shall not be over emphasized in a manufacturing industry.

Brief History of the Organization

Fig bakery was established in the year 2001. The bakery is located along hospital road in Isoko North Local Government area. A total of 18 workers are working in the enterprise excluding 3 securities men. Out of these 18 workers are unskilled workers while the remaining three are skilled workers these include the production manager the bookkeeper who keep the day to day records of the enterprises and the inventory. Mena bakery was established in the year 1999; the bakery is located at Adegbe Street along hospital road in Isoko North Local Government area. A total of 12 workers two (2) securities men, the business started with capital of #80,000 equally thousand naira. Favourity bakery was established in the year 2009. The bakery is located along Owhelogbo Road, Ozoro in Isoko North Local Government area. A total of twenty workers the production manager, the account clerks and the security men. Wibo bakery was established in the year 2008, the bakery is located along Ozoro / Ughelli Express way back of Rendezvous hotel in Isoko North Local Government area. A total of (26) twenty six employees are working in the enterprises these incite the production managers, the account clerk as wells security men.

Statement of the Problem

The study is carried out to find out how cost is controlled so that wastages will be avoided in the organization a situation when there is no proper costing information business organization will encounter many manufacturing organization by using unskilled labour or semi-skilled labour whose does not have or known the effectiveness of cost control in an organization these of course affect productivities retain expansion and limit competitive due to lack of awareness to cost control.

Objectives of the Study

The main objectives of this study are to known how the organization control cost using costing methods. Also to find out how costing system and technique is being used to analyzed and allocate the expenditure of the business.


Disclaimer: Using this Service/Resources: You are allowed to use the original model papers you will receive in the following ways:
  1. 1. This material content is developed to serve as a GUIDE for students to conduct academic research work
  2. 2. As a source for additional understanding of the subject.
  3. 3. As a source for ideas for your own research work (if properly referenced).
  4. 4. For PROPER paraphrasing (see your university definition of plagiarism and acceptable paraphrase)
  5. 5. Direct citing (if referenced properly)
  6. Thank you so much for your respect to the authors copyright.

Useful Links: