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COST ACCOUNTING INFORMATION AND PRICE DETERMINATION (A CASE STUDY OF NIGERIAN BREWERIES PLC, ENUGU)

ABSTRACT

Increased advancement in industrialization, engineering and general commerce has thrown a great challenge to managers.  There is increased competitions, and the survival of any company lies on the ability of the managers to apply the scare resources efficiently.

Efficient management of resources call for proper control of inventory and revenue therefore, effective system of costing and good pricing policy are central and pre-requisite for the survival and growth of any organization in the global economic village.

The topic “cost Accounting information and price determination’ is aimed at establishing how adequate accounting information can assist management in making sound pricing decision.

Many business organizations in Nigeria collapsed in the recent past because they could not break-even.  In periods of boo, manufactuers are able to show profits notwithstanding the leakages which pass unchecked but in periods of trade competition, concealed inefficiencies have to be tracked down and rigorous control must be exercised to ensure even modest margin of profit, there is not yet an agreed best method of costing products though, it may be helpful to recognize that cost allocations are being used to obtain a mutually acceptable price and not necessarily to portray cause- and effect relationship of cost incurrence.  But price determined from efficient traditional income statement approach and /or contribution margin approach will most probably approximate the price of the product to its value.

TABLE OF CONTENTS

TITLE PAGE

CERTIFICATION

DEDICATION

ACKNOLDGEEMENT

LIST OF TABLE

TABLE OF CONTENT

ABSTRACT

CHAPTER ONE

INTRODUCTION

1.1 Background of the study

1.2 Statement of problem

1.3 Objective of study

1.4 Research questions

1.5 Research hypothesis

1.6 Significance of the study

1.7 Background of the firm studied

1.8 Definition of term

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.0 Costing method

2.1 The flow of cost in a manufacturing firm

2.2 Other theoretical work on cost and pricing

2.3 Limitation of cost oriented pricing

2.4 The nature of pricing problem and theories

2.5 Cost based pricing theories

2.6 Other variable that influence price determination

2.7 Pricing to achieve corporate objectives

CHAPTER THREE

RESEARCH METHODOLOGY

3.0 Research design

3.1 Area of the study

3.2 Population of the study

3.3 Sampling procedure

3.4 Instrument for data collection

3.5 Validity of the instrument

3.6 Reliability of the instrument

3.7 Method of administration of the instrument

3.8 Method of data analysis

CHAPTER FOUR

DATA PRESENTATION

4.0 Test of hypothesis

4.1 Analysis and interpretation of responses

CHAPTER FIVE

DISCUSSION, IMPLICATION, AND RECOMMENDATIONS

5.1 Discussion of results

5.2 Recommendations

5.3 Conclusion

References

Bibliography

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