Target Costing and Performance of Manufacturing Industry in South-Western Nigeria

Lawrence Imeokparia; Imeokparia Lawrence

Target Costing and Performance of Manufacturing Industry in South-Western Nigeria

Lawrence Imeokparia * §

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Redeemers University

Target Costing and Performance of Manufacturing Industry in South-Western Nigeria

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Abstract

This research work seeks to explore the extent of Target Costing system adoption and implementation by manufacturing industry in South-Western Nigeria and the impact on their performance. In the research work, performance was defined in terms of profitability, Return on Capital Employed and reduction in the cost of production. The study adopted the survey research method, using structured questionnaire to collect data from the sample data group which represents all manufacturing firms in South Western Nigeria listed on the Nigerian Stock Exchange as at 31st December 2013. A total of 282 firms were included in the study. Reliability test with Cronbach’s Alpha of 0.88 was obtained using the ordinary least square and t-test methods. The results showed that the level of adoption and application of target costing by manufacturing industry in South Western Nigeria is low. However, the findings also showed that there is a strong positive relationship between adoption of Target costing and of improvement in Return on Investment and reduction of cost.

References

17 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Lawrence Imeokparia, Imeokparia Lawrence. 2014. "Target Costing and Performance of Manufacturing Industry in South-Western Nigeria". Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D4).

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GJMBR Volume 14 Issue D4

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Competition performance and profitability target costing

Classification

GJMBR-D Classification JEL Code: M49

M40

Submission ReceivedDecember 7, 2013
Peer Review Double Blind
Handling Editor
Accepted January 2, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

October 27, 2014

Language

English

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Article Matrices

Total Score: 148

Country: Nigeria

Subject: Global Journal of Management and Business Research

Authors: Lawrence Imeokparia (PhD/Dr. count: 0)

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