Home»Business Administration and Management» Evaluation of cost reduction and control techniques in Dangote Cement Company, Gboko Benue state

Evaluation of cost reduction and control techniques in Dangote Cement Company, Gboko Benue state

 Department:Business Administration and Management  
 By:usericon SIRJOSEPH  

 Project ID: 7785
 Rating:  (5.0) votes: 1
   Price:₦3000
Abstract
This study evaluates the cost reduction and cost control techniques in Dangote Cement Company, Gboko, Benue State. Survey design was used and questionnaires were administered to 84 staff of the company out of which 80 responses were actually analysed. The cost control and cost reduction techniques studied are budgets and standards for cost control and standardization of parts and value analysis for cost reduction. Chi-square was used to test the hypotheses of the study.  The study found out that all the techniques are being used in the company. The study, therefore, recommends that cost control and cost reduction schemes must be properly administered in the company by setting realistic standards, cost control should be operated in every department in the company especially the production department in order to make sure that the numbers of finished goods are properly accounted for, and target and standard should not be vaguely set as this will be unrealistic in the course of comprising planned cost in the company....
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