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Cost-volume-profit Analysis and Decision Making in the Manufacturing Industries of Nigeria

Author

Listed:
  • J.C.Ihemeje
  • Geff Okereafor
  • Bashir M. Ogungbangb

    (College of Management Sciences, Michael OkparaUniversityof Agriculture, Umudike)

Abstract

This study determined the effect of cost-volume profit analysis in the decision making of manufacturing industries. The study combined both survey research and longitudinal research design. Both primary and secondary data were used for collection. They were analyzed using regression and correlation techniques. The results revealed that the sales value of a product and the quantity of the product manufactured has a positive effect on profit made on the product, also that there is a significant relationship between the cost of production and profit. The re-order and economic order quantity were also determined as a base for assessing decision making opportunities. Based on the result, the researcher recommends that manufacturing industries should always adopt cost-volume profit analysis in their decision making.

Suggested Citation

  • J.C.Ihemeje & Geff Okereafor & Bashir M. Ogungbangb, 2015. "Cost-volume-profit Analysis and Decision Making in the Manufacturing Industries of Nigeria," Journal of International Business Research and Marketing, Inovatus Services Ltd., vol. 1(1), pages 7-15, November.
    • Handle: RePEc:mgs:jibrme:v:1:y:2015:i:1:p:7-15
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    Citations

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    Cited by:

    1. Diana ARMEAN & Maria-Larisa ARDELEANU, 2017. "Performance Management By Cvp Analysis," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(2), pages 72-93, June.

    More about this item

    Keywords

    Cost Volume-Profit Analysis; Decision making; Manufacturing industries;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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