Appraising the Impact of Costing Techniques on Profitability
Quick Navigation for Final Year Undergraduates, Masters (Thesis), and Ph.D. Dissertation Students Who Need Our Services on Their Research Works
|Find More Project Topics||FIND HERE|
|Hire Us for Thesis Works||HIRE NOW|
|Hire Us for Project Works||HIRE NOW|
|Hire Us for Seminar Works||HIRE NOW|
|Hire Us for Assignments||HIRE NOW|
|Hire Us for Proposals||HIRE NOW|
|Contact Us||HERE NOW|
Chapter one on Appraising the Impact of Costing Techniques on Profitability
This chapter covers the background to the study, statement of the problem and the objectives of the study. It also highlights research questions, significance of the study and assumptions. Also, delimitation of the study, limitation of study, definition of terms follows and the chapter concludes with the summary.
BACKGROUND TO THE STUDY
An increase in manufacturing costs and reduced sales revenue which has added to reduced profitability in the Manufacturing sector has produced the need for me to address the problem through this research. Mapakame (2014) reported that businesses and in particular the manufacturing companies are finding it difficult to increase their profits and sales volumes due to various factors. In an economy where consumer‟s disposable incomes are very low, a few companies are experiencing any meaningful increases in market share or sales volumes. Reduced growth prospects are being accompanied by increased costs. Generally, the costs of production and other operational costs in this economy are very high as noted by Lynton-Edwards Securities (Mapakame, 2014, p. 4). Reduced sales volumes and high cost of production has led to reduced profitability in these industries. Faced with limited sales growth prospects, companies have to focus on costs which are a major determinant in profitability level. Costing techniques have had and need to be used in manufacturing companies to control and reduce costs to such levels which aid profitability (Mapakame, 2014).
Bloch (2014) reported on how the manufacturing sector has declined with many enterprises ceasing operations and others downsizing production levels. Factors which contributed to this decline since 2008 include rampant hyperinflation, which consequently led to increased production costs, reduced consumer disposable income and minimal availability of investment. Bloch (2014) reported that, although there has been improvement after dollarization, inflation was combated and an „upward surge in manufacturing costs‟…immense surges in wages and salaries, materials and other costs‟ were main contributors to increased costs. There is no doubt that increased costs affect negatively the operations, profitability and performance of an enterprise (Bloch, 2014).
This research material is intended for academic use only and should be used as a guide in constructing your research project and seminar presentation. You should never duplicate the content word for word (verbatim), as SCHOOLTHESIS.COM will not be held liable for anyone who does.
The purpose of publishing this material is to alleviate the stress of hopping from one school library to the next in search of research materials. This service is lawful because all educational institutions allow students to read past projects, papers, books, and articles while working on their own.
SCHOOL THESIS is merely giving this information as a research reference. Use the document as a reference or structure for your own research paper. This paper’s content should be able to assist you in coming up with new ideas and thoughts for your own study
Appraising the Impact of Costing Techniques on Profitability research paper, should only be used as a guide.