Cost Control And Cost Reduction as a Means of Improving Profitability in a Business Organization (A Cases Study of Okin Biscuits Limited, Offa)

TABLE OF CONTENTS

Title page

Certification

Dedication

Acknowledgement

CHAPTER ONE

INTRODUCTION

1.1      Statement of the problem

1.2      Objective of the study

1.3      Significant of the study

1.4      Scope of the study

1.5      Research methodology

1.6      definition of terms

1.7      Plan and organization of the study

CHAPTER TWO

LITERATURE REVIEW

2.1      Cost control and cost reduction

2.2      Cost classification

2.2.1Direct and indirect cost

2.2.2Fixed and variable cost

2.3       Cost control techniques

2.3.1 Planning, budget and budgetary control

2.3.2 Standard costing and variance

2.4      Cost reduction techniques

2.5      Where cost reduction is needed

2.5.1 Direct cost

2.5.2 Overhead

         References

CHAPTER THREE

RESEARCH METHODOLOGY

3.0      Introduction

3.1      Population of the study

3.2      Sampling Design and size

3.3      Source of data

3.4      Data collection instruments

3.5      Method of data analysis

3.6      ProfileS of okin biscuits limited, Offa.

CHAPTER FOUR

PRESENTATION AND DATA ANALYSIS

4.0      Introduction

4.1      Data presentation

4.2      Data analysis

CHAPTER FIVE

Summary, Recommendation and conclusion

5.1      Summary

5.2      Recommendation

5.3      Conclusion

References

CHAPTER ONE

INTRODUCTION

        The success that any producer may record in selling his goods or services profitably is likely to depend upon his ability to control his cost and upon the extent to which he can keep them below the selling price imposed upon him by competition. Therefore, cost control can simply be defined as the regulation, limitation or confinement of cost.and it can also be defined as the regulation by management action of the cost of operating an undertaking, particularly where such action is guided by cost accounting. It covers the control of materials usage and prices of wages cost separating the effect of efficiency from rates of pay, or maintenance and service cost, and all other items of indirect expenditures. In an organization it is an act of making necessary adjustments after comparing the actual cost with a standard or targeted cost the control process include the steps of establishing standards and taking corrective measure.