Evaluation of Cost Control Techniques and Profitability in Manufacturing Firm

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MAKERERE UNIVERSITY

EVALUATION OF COST CONTROL TECHNIQUES AND PROFITABILITY IN MANUFACTURING FIRM

CASE STUDY:
CENTURY BOTTLING COMPANY LIMITED

BY

WASIKE DANIEL WAMUKOTA

07/U/15905/EXT

SUPERVISOR: BY MR KITALE CHRIS

APROJECT REPORT SUMITED IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR AWARD OF DEGREE OF BACHERLORS OF COMMERCE OF MAKERERE UNIVERSITY

June 2011

DECLARATION

I, Wasike Daniel wamukota declare that the piece of work is my original effort and never been submitted to any institution known to me for any award.

Signature…………………. Date……………………… Wasike Daniel wamukota
Reg No :07/u/15905/ext

APROVAL

This is to certify that this report was done under my supervision

APROVED

MR KITALE CHRIS

SIGNATURE…………………….DATE……………….

ABSTRACT

COST CONTOL TECHNIQUES AND PROFITABILITY IN MANUFACTURING FIRMS

The purpose of this study was to evaluate the relation between cost control techniques and profitability in the Century Bottling Company. The study was guided by determining various control techniques used examining profitability and analyzing the relationship between the cost control techniques and profitability. Primary data from Century Bottling Company was used through use of questionnaires, Secondary data by doing further reading through other authors work by use of journal articles. The findings revealed that there is a relationship between cost control techniques and profitability

DEDICATION

This book is dedicated to my late parents, jaja glades, brothers and sisters, friends for all the love, financial support and encouragement the have given me during my studies and entire life.

ACKNOWLEDGEMENT

Many people have given me support during my entire life and time of studies. am grateful to god for gift of life I also thank my supervisor Mr.KITALE CHRIS for his guidance and assistance that without him this research would have not been successful. I thank management of coco-cola plant for information they provided to me during my research My sincere appreciation goes to my brother Julius for all the support he has provided me and entire family. Lastly I thank all my friends and all those who helped me during mi study and entire life .GOD BLESS YOU ALL

TABLE OF CONTENTS

DECLARATIONi
ABSTRACTiii
DEDICATIONiv
ACKNOWLEDGENTv
INTRODUCTION1
1.1 Background to the study1
1.2 Statement of the problem2
1.3 Purpose of the Study2
1.4 Objectives of the Study2
1.5 Research Questions2
1.6 Scope of the Study3
1.6.2 Subject scope3
1.6.3 Time scope3
1.7 Significance of the Study3
CHAPTER TWO4
LITERATURE REVIEW4
2.0 Introduction4
2.1 The concept of Cost Control4
2.2 Various techniques used in Cost Control4
2.2.1 Standard Costing4
2.2 Budgetary control6
2.2.3 Other Cost Control Techniques8
2.2.4 Profitability10
2.2.5 Concept of Profitability11
2.2.6 Measurement of Profitability12
CHAPTER THREE15
METHODOLOGY15
3.0 Introduction15
3.1 Research Design15
3.2 Study population15
3.3 Sample size15
3.4 Data Type15
3.5 Data Sources15
3.6 Data Collection Method16
3.6.1 Interview16
3.6.2 Questionnaires16
3.7 Data Analysis16
3.8 Data Presentation16
3.9 Limitations to the Study16
CHAPTER FOUR17
PRESENTATION AND INTERPRETATION OF THE FINDINGS17
4.1 INTRODUCTION17
4.2 Costs Control Techniques Used17
4.2.1 Budgets17
4.2.2 Standard Costing20
4.2.3 Bench Marking23
4.2.4 Inventory Management24
4.2.5 Just in time s26
4.2.6 Target Costing27
4.2.7Total Quality Management (TQM)28
CONCLUSIONS AND RECOMMENDATIONS32
5.1 Introduction32
5.2 Conclusions32
5.2.1Cost Control Techniques32
5.2.3 Profitability33...
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