THE EFFECTIVENES OF STANDARD COSTING AS A CONTROL TOOL FOR PERFORMANCE EVALUATION IN MANUFACTURING INDUSTRIES (A CASE STUDY OF ANNAMCO EMENE ENUGU)

CHAPTER ONE

INTRODUCTION

Civilization sincerely is a welcome phenomenon. The business world is not left out in its resultant effect. Thus, the degree of complexity and sophistication of situations obtainable in the present days business has called for not just experience but effective and formidable managers. The practicality commitment and inefficiency of every manager could be measured based on his ability to plan organize, direct, cirutrol, co-ordinate meteorite and evaluate his business activities these function centers on the resultant checksum makings the process of which are route which   have no close substitute as far as the profit making and progress of any business is concerned.

Hence it is early detached that the profit making to cover the cost and the survival o every industry has informatively become an increasingly difficult task therefore  mangers are faced with entire managerial decision making crises. Sequel to that the ability of every  management to have the managerial decision making process .  under control become pertinent as such industry strive to push and present  its product is a position it could be preferred to the products of other firms in the same line of business. This gare rise to management accounting which improved from the old quantitative approach to accounting to encompass the quantitative  approach to accounting practices