An Analysis on the Impact of Cost Control Techniques on Profitability: A Case of Calundike Exports PVT LTD
- Author
- Chikonyora, Timothy
- Title
- An Analysis on the Impact of Cost Control Techniques on Profitability: A Case of Calundike Exports PVT LTD
- Abstract
- The study looked into the impact of cost control techniques on profitability. The study was carried out with Calundike Exports Pvt Ltd in Ruwa as the focus and it covered the period 2020 to 2022. The primary aim of the research was to examine how cost management techniques affect financial performance, particularly profitability. A research design based on case study was used. Using the random sampling technique, a sample of 37 employees was selected. The respondents were chosen using a purposive or judgmental sampling technique. The data was gathered using structured questionnaires. The Cronbach value for each data set varied from 0.6 to 0.8 when the researcher examined the data's validity and reliability. SPSS was employed for data analysis. To determine whether the variables had statistical significance, the researcher employed simple linear regression. The study examined the connection between profitability and budget control. Additionally, the relationship between cost allocation, cost monitoring, and profitability was examined. The study came to the conclusion that there is a positive weak association between cost monitoring and control and profitability and a strong positive relationship between budget control, cost allocation, and profitability. The study recommends that, the organization should create a thorough cost allocation framework to guarantee that expenditures are distributed effectively and efficiently, as well as implement a responsible budgeting system to guarantee that budgets are reasonable, attainable, and in line with business objectives. It was advised to conduct more research on additional cost control variables like inventory management and efficiency enhancements.
- Date
- 2024
- Publisher
- BUSE
- Keywords
- Cost control
- Profitability
- Supervisor
- Mr. Manyani
- Item sets
- Department of Accountancy