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IJSTR >> Volume 9 - Issue 6, June 2020 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Tasks Based Costing Technique And Labour Place Effectiveness In Processing Firms

[Full Text]

 

AUTHOR(S)

Joseph O. Udoayang, Akabom I. Asuquo, Aniefiok U. Akpan

 

KEYWORDS

Costing, effectiveness, labour, processing firms, Tasks, technique, time reduction.

 

ABSTRACT

Processing lines lack the ability to process and deliver enormous quantity of different products which are required in the market of recent. Business entities are threatened with despicable functioning situations and must respond promptly to customers and trades, competitiveness, financial weights, working complications, timely processing and delivery of their product. The study investigated relationship between tasks based costing technique and labour place effectiveness in listed processing firms. Survey and ex-post facto methods were used to gather relevant data for analysis using appropriate statistical tools. The results revealed that: there exists a significant relationship between tasks based costing technique and labour place effectiveness; there exist a significant relationship between tasks reduction and effectiveness in management of finance; and there exist a relationship between self-directed factors of tasks sharing and skilful supervision of work. Consequently by way of conclusion and recommendation, processing firms should apply tasks based costing technique in the determination of labour place effectiveness; products and services that are non-value added had better be reduced and eliminated from the processing procedure while prices of those overprices items ought to be reduced; processing firms be duty-bound to increase automation of tasks to reduce labour hours spent during processing; and tasks technique with similar characteristics had better be shared among personnel to improve shift time and knowledge in the processing procedure.

 

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