Full Project-THE ASSESSMENT OF ANALYSIS AND CONTROL OF OVERHEAD EXPENSES IN MANUFACTURING INDUSTRY IN NIGERIA

Click here to Get this Complete Project Chapter 1-5

THE ASSESSMENT OF ANALYSIS AND CONTROL OF OVERHEAD EXPENSES IN MANUFACTURING INDUSTRY IN NIGERIA

INTRODUCTION

1.1 BACKGROUND TO THE STUDY

Every manufacturing organization in ars costs in the production of goods and rendering of services. Some of such costs cannot be directly traced to a particular cost centre or cost unit e.g salary of security quads, salaries of executives, depreciation of plants, rent and rate, office stationary and so on.

At this point, it is worthwhile defining the overhead experiences.

OVERHEAD EXPENSES: According to Odetayo T.A. (1998) overhead expenses is total cost of indirect materials. Indirect labour and indirect expenses. Overhead is the totality of all those costs that cannot be traced to a specific job or product.

The overhead costs as part of the cost of finished products need to be analyzed in order to get them absorbed into all costs of production. As the production advances, there is need to control the overhead expenses in order to minimize cost of production.

A case study approach is used and our focus is in a manufacturing firm Ola Oluwa Aina Wire Industry Limited Osogbo.

Ola-Oluwa Aina Wire Industry Limited is a manufacturing Industry and it has a way of analyzing the overhead expenses incurred. The method of analysis is absorption method, the method ensures that overheads incurred are absorbed property and accounted for.

Control statements are prepared so as to ensure proper accounting for the overheads. This is to safeguard unnecessary increment of overhead. This in other words is to control their expenses and thus maximize their profit.

1.2 STATEMENT OF THE PROBLEM

The problem statement that necessitated.

The cost of production in the manufacturing companies is highly exorbitant and it is always difficult to control overhead expense.

This research work intends to assess the analysis of overhead of a manufacturing company and to look for ways controlling the overheads expenses.

1.3 HYPOTHESIS OF THE STUDY

Ho: There is no significant relationship between overhead expenses of manufacturing firms and the sales volume of the company.

Hi: There is significant relationship between the overhead expenses of manufacturing firms and the sales volume of the company.

Ho: There is no significant relationship between consumer buying behaviour and the quality of the products.

Hi: There is significant relationship between consumer buying behaviour and the quality of the products.

1.4 PURPOSE OF THE STUDY

The purpose of this study is to show the overhead expenses are being assessed, analyzed and controlled in manufacturing industry in Nigeria.

This study will shed light on how manufacturing firms systematically absorb overheads of production and service section. In order to ensure effective price fixing and making of informed decisions on questions relating to cost per unit of product / service.

This study is to show the effectiveness of the application of overhead absorption method ways of controlling the expenses. This study will help both present and prospective manufacturing.

1.5 THE scope/ DELIMITATION OF THE STUDY

This study concentrates on manufacturing firms and centre on Ola-Oluwa Aina Wire Industry Limited Osogbo.

The coverage areas include.

Accounts section production section. Administration service section and marketing section.

These sections have connection with overhead expenses in the factory.

1.6 LIMITATION OF THE STUDY

In the process of carrying out the research study, the researchers experienced some difficulties which areas.

i. The constraint due to time limit on the course of study.

ii. The constraint of combing school academic regular with research works which has to be taking into consideration.

Financial constraint, which includes the cost of transporting from places to places in search of correct and adequate information about the project.
Lack of text books in the library, which treat the researcher topics.

1.7 THE SIGNIFICANCE OF THE STUDY

The significant of this study are as follows:

To examine the impact of overhead expenses strategies on market share enhancement.
To examine the various products produced and its effect on the company.
To identity the problems facing producers and solution to the problems.

1.8 Definition Of The Terms

PRODUCTION COST

i. Cost of internality provided services compared with outside service.

ii. The effects on the effects on overhead of an improved layout of plant and machines.

ADMINISTRATION COST

The cost of alternative method of communication.The comparative cost of centralized and decentralized services e.g. typing pools.

MARKETING COST

Comparative costs of different container and package.Comparative costs of selling in various areas.

STRATEGY

A system or tactics used by companies to attract consumer to purchase the company product.

ADVERTISING COST

Any paid form of new personal presentation and overhead expenses of idea, good or services by identifying sponsors.

CONSUMER

Goods: Goods bought by final consumer for personal consumer.

PROMOTION ACTIVITIES

This involved various activities and effects that a company render to see to the sales growth and the creates awareness and eventually enhance repeat purchases by customer.

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.

Click here to Get this Complete Project Chapter 1-5

You can also check other Research Project here:

1, Accounting Research Project

2. Adult Education
3. Agricultural Science
4. Banking & Finance
5. Biblical Theology & CRS
6. Biblical Theology and CRS
7. Biology Education
8. Business Administration
9. Computer Engineering Project
10. Computer Science 2
11. Criminology Research Project
12. Early Childhood Education
13. Economic Education
14. Education Research Project
15. Educational Administration and Planning Research Project
16. English
17. English Education
18. Entrepreneurship
19. Environmental Sciences Research Project
20. Guidance and Counselling Research Project
21. History Education
22. Human Kinetics and Health Education
23. Management
24. Maritime and Transportation
25. Marketing
26. Marketing Research Project 2
27. Mass Communication
28. Mathematics Education
29. Medical Biochemistry Project
30. Organizational Behaviour
31. Other Projects
32. Political Science
33. Psychology
34. Public Administration
35. Public Health Research Project
36. More Research Project
37. Transportation Management
38. Nursing

Need a Project Writer for a Different Topic

• MSC PROJECT WRITING SERVICES
• MBA RESEARCH PROJECT WRITING SERVICES
• Research Project Writing Services in Lagos Nigeria (Professional Writers) -Law, MSc, MBA,PhD, Dissertations, Thesis, Assignment, Speech
• Masters Research Project Writer in Lagos Nigeria
• MBA Research Project Writer in Lagos Nigeria
• LOOKING FOR A WRITING SERVICES FOR AN URGENT ASSIGNMENTS OR PROJECT WORK
• PROFESSIONAL WRITING SERVICES IN LAGOS NIGERIA (TERM PAPER, SPEECH WRITING, ASSIGNMENT, THESES, DISSERTATIONS, RESEARCH PROPOSAL, PROJECT WRITING SERVICES etc)
• BUSINESS ADMINISTRATION RESEARCH PROJECT WRITER IN LAGOS NIGERIA
• CONSULT A RESEARCH PROJECT WRITER IN LAGOS NIGERIA (PH.D, MBA, MSC, M.ED, BSC)
• MANAGEMENT RESEARCH PROJECT WRITER IN LAGOS NIGERIA
• Education Research Project Writer in Lagos Nigeria
• Environmental Sciences Research Project Writer in Lagos Nigeria
• Guidance and Counselling Research Project Writer in Lagos Nigeria
• Human Kinetics and Health Education Project Writer in Lagos Nigeria
• Early Childhood Education Research Project Writer in Lagos Nigeria
• Christian Religious Studies(CRS) Research Project Writer in Lagos Nigeria
• Educational Administration and Planning Research Project Writer in Lagos Nigeria
• Political Science Research Project Writer in Lagos Nigeria
• Accounting Research Project Writer in Lagos Nigeria
• Economics Research Project Writer in Lagos Nigeria
• Management Research Project Writer in Lagos Nigeria
• Marketing Research Project Writer in Lagos Nigeria
• Public Administration Research Project Writer in Lagos Nigeria
• MBA Research Project Analysts
• In Need of MBA Research Project Writer in Nigeria
• MBA Dissertation Research Project Writer
• MBA Project writer
• EDUCATION DEPARTMENT PROJECT WRITING SERVICES
• BACHELOR OF SCIENCE (BSC) DEGREE PROJECT WRITING SERVICES(B.ED,B.A,B.SC)
• MASTER OF BUSINESS ADMINISTRATION (MBA) RESEARCH PROJECT WRITING SERVICES
• MASTER OF SCIENCE (MSC) RESEARCH PROJECT WRITING SERVICES
• POST GRADUATE RESEARCH PROJECT WRITER
• POST GRADUATE DIPLOMA (PGD) RESEARCH PROJECT WRITER
• MASTER RESEARCH PROJECT WRITER
• MASTER DEGREE RESEARCH PROJECT WRITING SERVICES
• POSTGRADUATE RESEARCH PROJECT WRITING SERVICES
• MASTERS RESEARCH PROJECT WRITING SERVICES
• RESEARCH PROJECT WRITER
• EXPERT IN RESEARCH PROJECT/THESIS/DISSERTATION WRITING SERVICES IN LAGOS NIGERIA
• HIRE A PROFESSIONAL BSC/HND RESEARCH PROJECT WRITER
• HIRE A PROFESSIONAL MBA/MSC RESEARCH PROJECT WRITER
• HIRE A PROFESSIONAL THESIS WRITER IN LAGOS NIGERIA
• SC/M.SC/MBA/PGD RESEARCH PROJECT WRITER IN LAGOS NIGERIA
• Master Degree Research Project Specialist/Writer in Lagos, Nigeria
• Hire A Research Project Writer in Lagos Nigeria
• Research Project Specialist in Lagos, Nigeria

• Education