THE RELEVANCE AND APPLICATION OF STANDARD COSTING IN A MANUFACTURING INDUSTRY

ABSTRACT

This project is exclusively undertaken to establish the relevant and application of standard costing in a manufacturing industry a case study focused on Geolis cable LTD Nnewi.

The application of standard costing in a manufacturing industry is relevant because it will help to reduce the cost of manufacturing and increase the profitability of the company.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

Introduction

1.1 Background of study

1.2 Statement of problem

1.3 Objective of study

1.4 Significance of the study

1.5 Scope and limitation of the study

1.6 Statement of hypothesis

Reference

CHAPTER TWO

Literature review

2.1 Definition and features of standard costing

2.2 The standard cost unit

2.3 The application and element of standard costing

2.4 Setting standard

2.5 The relationship between standard costing and budgeting control

2.6 The relevance of standard costing in a manufacturing industry

Reference

CHAPTER THREE

Summary of finding

3.1 Conclusion

3.2 Recommendation

3.3 Bibliography

Appendix