Cost control techniques and profitability in a manufacturing firms in western Uganda; a case study of gourmet burger kitchen G.B.K group of companies limited in Mbarara municipality:
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Date
2019-08
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Publisher
Kampala International University, College of Economics and Management.
Abstract
This study sought Cost Control Techniques and Profitability in a manufacturing firm in Western Uganda: a case study of gourmet burger kitchen G.B.K Group of Companies Limited in mbarara
Municipality. This study intends to establish the effect of cost controls on profitability of
manufacturing firms in G. B. K Group of Companies Limited in Mbarara Municipality, with the
following specific objectives. (j) To determine the effect of budget control on profitability of
manufacturing firms in G.B.K Group of Companies Limited. To examine the effect of cost
allocation on profitability of manufacturing firms in G.B.K Group of Companies Limited. (‘iii) To
establish the effect of cost monitoring and control on profitability of manufacturing in
G. B. K Group of Companies Limited. The researcher used both a cross-sectional research design
and survey design which included both qualitative and quantitative method of data collection,
the quantitative method was used to collect numerical data in form of numbers representing
particular facts or measurements which helped the researcher to obtain information from
respondents in depth. From the Findings Data analysis that was done using SPSS ‘s descriptive
statistics it was found out that Male were the majority respondents as represented by 69 (~or
69%) as regards to gender. for the more the findings indicated that budget control significantly
affects the profitability of manufacturing firm of G. B.K Group of Companies Limited this effect
therefore implies that budget control contribute to the profitability of manufacturing firm of
G.B.K Group of Companies Limited. The study further went on and made conclusions that
according to the findings budget control has a positive significant effect on profitability of
manufacturing firm of G. B. K Group of Companies Limited. Therefore budgeting control has a
considerably high influence on the profitability of the manufacturing organizations, hence there
is need for improving the budgetary controls to enhance profitability. Lastly the study
recommended that the budget control was found operating though with limited capacity, there is
need to enhance the budgetary controls through improving the mechanism budgeting as the
mechanism /bu enhancing probability. The process of budget control in manufacturing
companies should be very comprehensive covering all departments and sections as this will
enable management to effectively implement budgetary controls.
Description
a research report submitted to the college of economics and management studies in partial fulfillment of the requirements of the award of degree in business administration (accounting and finance) of Kampala international university.
Keywords
Cost control techniques, profitability, firms,western Uganda