The Effectiveness of Cost Control Techniques on Profitability of Manufacturing Companies. A Case of Shenlong Textile Company.
- Author
- Mutezo, Clinton
- Title
- The Effectiveness of Cost Control Techniques on Profitability of Manufacturing Companies. A Case of Shenlong Textile Company.
- Abstract
- The study aimed at investigating the relationship between cost control techniques and profitability. The study sought to investigate the cost control methods which are being used in the organisation which was chosen as case study. The study also aimed at investigating the profitability trend within the organisation. The study was based on the descriptive research design. The study was hinged on the cost control theory. The study used a case of Shenlong Textile Manufacturing Company, with a sample of 68 respondents being obtained from the population. The study came up with the following findings. The cost control techniques in use include budgeting, variance analysis and use of profits as well as cost reduction. The study found that the profitability of the has improved since the adoption of the cost control techniques in STMC. The study also found there to be a positive relationship between cost control and profitability. The study recommended that future studies should focus on expanding the population of the study and conducting the study on multiple companies instead of focusing on one company.
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Cost control techniques
- Profitability
- Supervisor
- N/A
- Item sets
- Department of Accountancy