Cost Control Policy and Productivity of Manufacturing Organizations in Abia State

Akpanabia, Nsisuk H.; Ozims Ekwutosi

doi:10.31149/ijefsd.v3i8.2086

Akpanabia, Nsisuk H. Department of Management, Faculty of Management Sciences, Imo State University, Owerri, Nigeria
Ozims Ekwutosi Department of Management, Faculty of Management Sciences, Imo State University, Owerri, Nigeria

DOI: https://doi.org/10.31149/ijefsd.v3i8.2086

Keywords: Policy, Productivity

Abstract

This study examined cost control policy and productivity of manufacturing organization. One objective, one research questions and one hypothesis were formulated to guide the researcher. Questionnaire was the major source of data collection and copies of questionnaire were distributed to the staff of the organization. The Analysis of Variance (ANOVA) were used to analyze the data and the Statistical Package for social science SPSS 20.0 were as well used. The findings showed that there is a significant relationship between budgeting and quantity of production and that there is a significant relationship between standard costing and quality of production. The research therefore recommends that all firm both private and public concern should establish and maintain an effective and efficient system of control policy.

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