THE IMPACT OF COST CONTROL IN THE MANUFACTURING INDUSTRIES

THE IMPACT OF COST CONTROL IN THE MANUFACTURING INDUSTRIES
 
ABSTRACT
This study is primarily concerned with finding out the role of cost control techniques in the assessment of manufacturing company. The study however, was carried out to know the effect cost control has in the Benin branch of Guinness Nigeria Plc in particular. In order to achieve this objective, research questions were raised and related literatures were reviewed to enable the researcher have an idea of what authors have said concertinaing cost control and cost control techniques. The research instrument used for this study was the questionnaire, copies of which were administered to the respondents i.e employees of the company under study, in order to collect data. The data collected from the respondents to the fifteen (15) items questionnaire was subjected to analysis after which the hypothesis of the study was tested. The statistical toolused to test the hypothesis was the chi-square system of analysis. The test confirmed that cost control measures have an influence on the effective realization of cost control objective of the companies under study. From the analysis of data collected, it showed that cost control techniques are good indicators or effective tools for cost control in Guinness Nigeria Plc. This , the importance of cost control techniques in a manufacturing industry cannot be overemphasized.