TABLE
OF CONTENTS
TITLE PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGMENT
TABLE OF CONTENTS
CHAPTER
ONE
1.0 General
Introduction
1.1 Aims
and Objective of the Study
1.2 Problem
of the study
1.3 Brief
Historical Background of the case study
1.4 Scope
and Limitation of the study
1.5 Definition
of Terms
CHAPTER
TWO
2.0 Literature
Review
2.1 Definition
of Process Costing
2.2 Classification
of Cost
2.3 Elements
of Cost
2.4 Objectives
of Process Costing
2.5 Procedure
for Process Costing System
2.6 Characteristics
of Process Costing
2.7 Advantages
of process Costing System
2.8 Limitation
of Process Costing
2.9 Functions
and duties of Cost Department
2.10 Roles
of Cost Accountant
CHAPTER
THREE
3.0 Research
Methodology
3.1 Research
Design
3.2 Data
Collection Instruments
3.3 Primary
Source of Data
3.4 Secondary
Source of Data
3.5 Population
3.6 Sample
Size
3.7 Sampling
Technique
3.8 Validity
and Reliability of Data
3.9 Statement
of Research Hypothesis
CHAPTER
FOUR:
4.0 Presentation
and Analysis of Data
4.1 Questionnaire
4.2 Presentation
and Analysis of Data and Research Question
4.3 Presentation
and Analysis of Data and Research Question
CHAPTER
FIVE
5.0 Summary
5.1 Conclusion
5.2 Recommendations
5.4 Suggestion
for Further Researcher
CHAPTER ONE
1.0 GENERAL INTRODUCTION
1.1 BACKGROUND OF THE STUDY
No doubt that for any manufacturing company to
grow easily, there must be as way to process their cost in order to achieve the
organizational objectives.
Management needs a variety of information to plan
for the future activities, assist in the measurement of efficiency and
effectiveness in essence of machine, men, materials and money ton control and
to make decisions. Information regarding the financial aspect of performance in
any organization is provided by the costing system. Cost per unit of running a
section, department or factory, wages costs for unit of production or per
period of production, scrap or rectification cost, behavior with varying levels
of activities and so on are provided by costing system.
Ever since the use of money replaced barter, it
is the concentration of manufacturing facilities into factories that give
impetus to the development of recognizable costing system. The early
developments were almost entirely related to manufacturing concerns but today
costing is used very widely in the hospitals, transport undertakings, local
authority offices, and banks as well manufacturing companies.
1.1
AIMS AND OBJECTIVE OF THE STUDY
i. To examine the effect of cost system in
the quality of the product of the company.
ii. To examine the effect of cost system on
the production of the organization.
iii. To examine the significance of cost system
control in the price to NBC profits.
1.2 PROBLEM OF THE STUDY
The main characteristics of manufacturing firms
are that obtain raw materials and component and convert them into finished
goods ready for sales. The problem arises as to how to account for the cost of
these products. Problem also arises as to determination of the value or worth
of raw materials and work inn progress at each process.
1.3 BRIEF HISTORICAL BACKGROUND OF THE CASE STUDY
Nigeria Bottling Company came into existence on
8th May 1886, Late A.G Leventis founded the company and was the first in this
country to be offered franchise by an international “Soft drink firm”. The first
plant which was sited in Lagos went into operation in March 1953. Coke was the
first soft drink to have its own designed shaped bottles, which was different
from the company, went public by the issue of 372,500 ordinary shares of 50kobo
each. This was in compliance with the Nigerian Enterprise promotion Decree of
1972.
Some years after the Ibadan plant was opened
(through later shut down due to non-availability of good water in Ibadan
metropolis) that of Port Harcourt was established and many others followed of
which Ilorin plant came into existence in April 1979 so as to be able to meet
the demands of the customers in the region. Ilorin plant was mainly established
to meet the needs of the people in Bida, Jebba, Ogbomosho, Okene, Osogbo,
Kontagora, Ijagbo, Offa, Lokoja and Ilorin metropolis. The plant has 8
managers.
The ranges of soft drink bottled by Nigerian
Bottling Company Ilorin plant include Fanta Orange, Coke, Sprite, Krest, Bitter
lemon, Ginger Ale and Eva water. In terms of sales the company enjoys a wide
acceptance of its products.
Quality is the key word which determines the
success of the whole operation only the best ingredients are used for the
making of their soft drinks and sophisticated washing and filling equipment
have been installed at all part. Extremely high standard of hygiene are
maintained are maintained to ensure that tip quality product reach their
customers. Ranging Nigeria Bottling Company as a whole its performance is
highly appreciated.
1.4 SCOPE AND LIMITATION OF THE STUDY
The study intends to appraise eh process costing
system in the manufacturing company as a whole with reference to NIGERIAN
BOTTLING COMPANY (NBC) COCA-COLA ILORIN PLANT.
Manufacturing Company as a whole have little or
no different in their costing system, hence effort will be made to pay s
significant attention to the various accounting books and records most
particularly the one involving cost kept by NIGERIA BOTTLING COMPANY (NBC)
COCA-COLA ILORIN PLANT. The study will be restricted to the worker in the manufacturing
mangers in the organization. However, the major constraints in the
confidentiality over certain vital documents which the company may not be
willing to release for the fear of getting to the hand of the competitors cost
for a broader and effective scope of the study is also a limiting factor.
Therefore conducting the research in many materials that the researcher cannot
afford, the researcher will also combine this study with academics work
simultaneously.
1.5 DEFINITION OF TERMS
·
Cost
Accounting: The
application of costing and cost accounting principles, methods and techniques
to the science art practice of cost, control and ascertainment of
profitability.
·
Process
Costing: Is a type
of costing system that is used for uniform or homogeneous product.
·
Cost: The amount of expenditure (actual or national)
incurred on or attributed to a specific thing or activity.
COSTING
·
Cost
Objective: Any
activity for which a separate measurement of cost is ascertained.
·
Cost
Unity: A quantitative unit
of product or service in relation to which cost are ascertained.
·
Cost
Centre: A production or
service location, function activity or item of equipment for which cost are
accumulated.
·
Production
Cost Centre: A cost
centre in which production is carried on.
·
Actual
Cost: (historical cost):
These are amounts determined on basis of cost incurred as distinguished from
produced or forecast costs.
·
Cost
Allocation: This is
cost that can be directly identified or charged with a cost centre.
·
Cost
Apportionment: This is
the division of cost among two or more cost centres with a presumed basis of
apportionment.
·
Overhead
Absorption: This is a
means of including overhead as part of the cost of production using a
predetermined rate.
·
Conversion
Cost: The term is used to
described the cost of converting purchased materials into finished or semi
finished product.
·
Value
Added: This represents the
worth of an alternation inform, location or availability of a product or
service.
·
Coding: A system of symbols designed to be applied to a
classified set of items to give a brief references facilitating, entry,
collation and analysis.
Click “DOWNLOAD NOW” below to get the complete Projects
FOR QUICK HELP CHAT WITH US NOW!
+(234) 0814 780 1594
Buyers has the right to create
dispute within seven (7) days of purchase for 100% refund request when
you experience issue with the file received.
Dispute can only be created when
you receive a corrupt file, a wrong file or irregularities in the table of
contents and content of the file you received.
ProjectShelve.com shall either
provide the appropriate file within 48hrs or
send refund excluding your bank transaction charges. Term and
Conditions are applied.
Buyers are expected to confirm
that the material you are paying for is available on our website
ProjectShelve.com and you have selected the right material, you have also gone
through the preliminary pages and it interests you before payment. DO NOT MAKE
BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.
In case of payment for a
material not available on ProjectShelve.com, the management of
ProjectShelve.com has the right to keep your money until you send a topic that
is available on our website within 48 hours.
You cannot change topic after
receiving material of the topic you ordered and paid for.
Login To Comment