THE APPLICATION OF COST-PROFIT VOLUME ANALYSIS IN TAKING BUSINESS DECISIONS


Department Of Business Administration


PAGES: 50
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00

THE APPLICATION OF COST-PROFIT VOLUME ANALYSIS IN TAKING BUSINESS DECISIONS. (A CASE STUDY OF NIGERIA BREWERIES PLC IBADAN)  

TABLE OF CONTENT   

Title Page

Certification

Dedication

Acknowledgment

Table of content

Abstract

CHAPTER ONE: INTRODUCTION

1.1 BACKGROUND  TO THE STUDY

1.2 STATEMENT OF PROBLEM OF THE STUDY

1.3 AIM AND OBJECTIVES OF THE STUDY

1.4 SIGNIFICANCE OF THE STUDY

1.5 SCOPE OF THE STUDY

1.6 LIMITATION, CONSTRAINT  OF THE STUDY

CHAPTER TWO: LITERATURE REVIEW

2.1 THE MEANING OF COST VOLUME PROFIT ANALYSIS

2.2 THE EFFECT OF COST VOLUME PROFIT  ANALYSIS

2.3 THE EQUATION INVOLVE IN USING COST VOLUME 

2.4 LIMITATION OF COST VOLUME PROFIT ANALYSIS

2.5 THE PROFIT  AND VOLUME RATIO INVOLVED IN COST VOLUME ANALYSIS

2.6 THE GRAPHICAL APPROACH

2.7 ASSUMPTION OF BREAK-EVEN ANALYSIS

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 RESEARCH DESIGN

3.2 POPULATION OF THE STUDY

3.3 SAMPLING PROCEDURES

3.4 METHOD OF DATA COLLECTION

3.5 DATA PRESENTATION AND ANALYSIS TECHNIQUE. 

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1 BRIEF HISTORY OF CASE STUDY ( NIGERIA BREWERIES PLC)

4.2 DATA PRESENTATION AND ANALYSIS

4.3 HYPOTHESIS TESTING AND DATA ANALYSIS

CHAPTER FIVE: CONCLUSION AND RECOMMENDATION

5.1 SUMMARY

5.2 CONCLUSION

5.3 RECOMMENDATION

        REFERENCE

        BIBLIOGRAPHY

CHAPTER ONE

INTRODUCTION

Cost volume profit analysis is a distinct or unique discipline in the study of management. The cost volume profit has various application in industries from profit planning, formulation of marketing plans as well as decision making on volume.

In decision making, it must be understood that cost volume profit is an important tool in short term planning. It should be ascertained that the relationships that exist between the costs of carrying out a business, the revenue generated from such business as well as the sales of a firm. This is important because in the simplest form it is the cost definition of profit.

The cost volume profit analysis is vital to marketer as it guides in the formulation of plans and control. The treatment of break even point allows the market to know the cost revenue behaviors of the firm, while planning allows management of an organization to minimize risk and uncertainty.

In the study of cost volume profit, the technique used is called break-even analysis, it is concerned with the study of revenue cost in relation to sales volume and particularly the level of activities that produces neither profit nor loss, where revenue equals to cost is the break even point.

The break even point can only be achieved when there is a decision involving price, volume and cost that can be split into two classifications.

The cost volume profit relationship is needed because it represents what profit decision can be made. The company decision on price and output attempts to produce the goods efficiently. If the planning process is effective and efficiently utilized, a profit may result.

1.1 BACKGROUND TO THE STUDY

Concerned has been on cost even since the existence of money replaced by trade by barter.

It was the concentration of manufacturing facilities into factories which gave impetus into the development recognizable cost system.

The early developments were almost entirely related to manufacturing industries. The analysis is used in different prostates i.e. hospital, transport undertaking, local authority’s offices, banks as well as manufacturing companies.

It was realized that the information from financial accounting was insufficient for the numerous decision by the management. Due to this inadequacy, the development of cost accounting of which cost volume profit analysis was used as a means of decision taking.

History had it that there were seven factors which were responsible for this development among which are the increase in industrial activities, the production of war equipment in a contract based on cost plus policy which were known as time and line contract in position of price control by government and competition.

History also had it that this method was use before and during the First World War and to a lessee’s extent during the Second World War. It was used frequently in building trade even in U.S.A at that time and frequently used in modern times.

 Those entire factors combine to create a necessity to determine and analyze cost supported by accurate facts and figures to ensure that cost did not go beyond marketing price or contract price.

During the year, fundamental principle was divided for costing before setting up of a cost accounting system. Therefore, some preliminary investigation has to be made to stand in form of principle to guide management in setting up the system.

These principles are:

⦁ It must be designed to suit the business 

⦁ The cost of the system must be considered in relative to the scope of the business and the benefit to be obtained.

⦁ The requirement of the management and laying out of the factory should be considered

⦁ The method of storing raw materials and of enumerates labour whether by hours or pieces of work or by the combination of the two must also be considered.

⦁ The personalities of the key personnel and the capacity of the office staff should also be considered.

1.2 STATEMENT OF PROBLEM OF THE STUDY

The main concern of this study or problem of this study is to view the impact or application of cost volume profit analysis method of a company’s product in the market it served. Basically the main issue is to know the extent in which cost volume profit analysis effort has led to increase in accountability aspect and profitability level of Nigeria breweries plc Ibadan.

This research work is embarked upon to carry out a critical appraisal and evaluating a current level at which cost volume profit analysis has changed the face of Nigeria breweries plc in terms of their business decision compared to what the organization is practicing before the advent of cost profit analysis as producer of consumable goods in Nigeria market.

1.3 AIMS AND OBJECTIVES OF THE STUDY

Specifically, the aim of this study is to know or examine the application of cost volume profit analysis in taking business decision. To achieve this aim the following objectives shall be proved:

-    To examine the impact or application of cost volume profit analysis method of a company’s product in the market it served

⦁ To find out the extent in which cost volume profit analysis effort has led to increase in accountability aspect and profitability level of Nigeria breweries plc lbadan.

⦁ Also to examine the appraisal and evaluate a current level at which cost volume profit analysis has changed the face of Nigeria breweries plc in term of their business decision compared to what the organization is practicing before.

⦁ To also examine the adventure of cost profit analysis as producer of consumable goods in Nigeria market.

1.4 SIGNIFICANCE OF THE STUDY

The significance of the study is to identify analyze and make recommendation on the application of cost volume profit analysis in taking business decision

The significance to Nigeria breweries plc is to be the first beneficiary to the recommendation given after the research.

The significance of the study to the research is to widen the knowledge of the researcher on the subject matter which is application of cost profit volume analysis in taking business decision, also to educate the researcher on application of cost profit volume analysis in taking business decision.

Finally, the significance of the study to the society at large is for reference purpose more so, for reading purpose for people that find it interesting.

In addition, estimation and application of sales volume is necessary to earn a normal profit, plans can be laid in the areas of marketing, purchasing, production and financing,

1.5 SCOPE OF THE STUDY

The study of cost volume profit centers the usefulness and application of the accounting concept i.e. C.V.P cash tool for management in making business decision, and focus on how to calculate the cost volume profit analysis, computations of the C.V.P analysis as well as its basic principles. And not exempt the assumption behind limitations and the uses of the concept.

Finally a case study of the Nigeria brewery plc lbadan would be investigated under the concept of C.V.P analysis.

1.6 LIMITATIONS AND CONSTRAINTS OF THE STUDY

This study has been hindered by a lot of problems, also the effectiveness of carrying out this research is hindered by the following factors.

A. Poor response: - some staff of the company who are in adequate position to give adequate information declined in doing this. They claimed it is due to organization set up and personal perception, a side the fact that it’s meant for public consumption. 

But personal observations are being carried out and consultation was also made on this study for broad analysis and for easy understanding.

B. Claim of confidentiality: - in case where the staff agreed to respond to questions thrown to them, the information and factors supplied were not adequate. This is as result of confidentiality claimed by the personnel. 

But promise were made to keep the investigation given as secret before they were to supply little information

C. Non- availability of data: - this is another hindrance to the study. The data necessary for the study was not fully supplied and available, its validity is another problem.

But the sources of data for this project work were gathered mostly from textbooks, journals, library and secondary data were also adopted.

D. Time and money constraint: - This project work requires time and money which are not available as a student; there is limit to the sources of income available to researcher.

But money was sourced from other means like borrowing and gifts from relatives to complete the research work. Also, one or two days was left out for the research work.

.



TYPE IN YOUR TOPIC OR KEYWORD AND CLICK SEARCH:

HOW TO GET THE COMPLETE PROJECT MATERIAL ON THE APPLICATION OF COST-PROFIT VOLUME ANALYSIS IN TAKING BUSINESS DECISIONS

  • * Click the green DOWNLOAD Button above

    * Select any option to get the complete project material instantly.

    * Chat our 24/7 customer service desk on WhatsApp# (+234) 0803-766-4978 and get your complete project material instantly.

    * All project materials on this website are well researched by professionals with high level of professionalism.


TESTIMONIES FROM OUR CLIENTS

Please feel free to carefully review some written and captured responses from our satisfied clients.


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."


  • Hilary Yusuf, United States International University Africa, Nairobi, Kenya.

    "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."


  • Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.

    "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."


  • Sampson, University of Nigeria, Nsukka.

    "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."


  • Cynthia, Akwa Ibom State University .

    "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."


  • Elizabeth, Obafemi Awolowo University

    "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."


  • Ali Olanrewaju, Lagos State University.

    "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."


  • Willie Ekereobong, University of Port Harcourt.

    "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"


  • Theressa, Igbinedion University.

    "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 5k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"


  • Joseph, Abia state Polytechnic.

    "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."


  • Christiana, Landmark University .

    "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"


  • Musa, Federal University of Technology Minna

    "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."


  • Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.

    "I was scared at first when I saw your website but I decided to risk my last 5k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."


  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.
    Thank you for choosing researchwap.com.

FREQUENTLY ASKED QUESTIONS

  • How can I get the complete project - THE APPLICATION OF COST-PROFIT VOLUME ANALYSIS IN TAKING BUSINESS DECISIONS

    Simply click on the DOWNLOAD green button above and follow the procedure stated.


    Is it a complete project work or just materials?

    Yes, it's a Complete Research Project material. i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data


    What if I want to change the case study for THE APPLICATION OF COST-PROFIT VOLUME ANALYSIS IN TAKING BUSINESS DECISIONS, What can i do?

    Chat with Our 24/7 Customer Service Desk Now: WhatsApp# and you will be responded to Instantly


    How long does it take to get the complete project on THE APPLICATION OF COST-PROFIT VOLUME ANALYSIS IN TAKING BUSINESS DECISIONS?

    Depending on how fast your payment and details is acknowledged by us, you will get the complete project within 30 minutes. However, on a very good day you can still get it within 15 minutes!


    How will I get my complete project?

    The Complete Project Material will be Delivered via your Email Address in an MS Word document format


    Can I get my Complete Project through WhatsApp?

    Yes! We also send your Complete Research Project to your WhatsApp Number


    What if my Project Supervisor made some changes to a topic i picked from your website?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    Do you assist students with Assignment, Term Paper, Seminar and Project Proposal?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    What if i do not have any project topic idea yet?

    Don't Worry! We've Got Your Covered. Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.


    Why should I trust this website?

    We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "TOPNOTCH INFOTECH ENTERPRISE". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!


    I have a fresh topic that is not on your site. How do I go about it?

    Don't Worry, Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.



PROJECT DETAILS

PAGES: 50
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00




TYPE TOPIC OR KEYWORD AND CLICK SEARCH: