|
AUTHOR(S): Ajayi Abiodun Samuel, Fakile Samuel Adeniran, Kolawole Olalekan Adebola, Ibitowa Stephen, Elizabeth Adeola Julius
|
TITLE The Financial Performance of Standard Costing Techniques on Manufacturing Companies in Nigeria |
 PDF |
ABSTRACT This paper examines the impact of standard costing to the earnings per share (EPS) in the manufacturing industry in Nigeria, by focusing on inventory, labour, and sales associated costs. Its research design corresponds with ex-post facto, where secondary data consist of the annual financial statements of twenty manufacturing enterprises over the eleven years (2013 to 2023). The data is analyzed using panel-data regression, unit-root testing, descriptive statistics and hypothesis testing. These findings show that the expenditures of labour and sales are respectively EPS-positive, but inventory expenditures are EPS-negative. Therefore standard-costing techniques are revealed to enhance the financial performance by streamlining the resources use and directing the companies to the dynamic pricing relationships that are based on the company specific activities. |
KEYWORDS Standard Costing; Stock Market; Financial Performance; Labour; Earning per Share |
|
Cite this paper Ajayi Abiodun Samuel, Fakile Samuel Adeniran, Kolawole Olalekan Adebola, Ibitowa Stephen, Elizabeth Adeola Julius. (2025) The Financial Performance of Standard Costing Techniques on Manufacturing Companies in Nigeria. International Journal of Economics and Management Systems, 10, 360-373 |
|
