EFFECTIVENESS OF STANDARD COSTING AS A CONTROL TOOL FOR PERFORMANCE EVALUATION IN MANUFACTURING INDUSTRIES

The direction towards efficient production of goods and services curled be as a result of effective control of the cost of production. The study of standard cresting as aid is production cost control is very imperative especially in an economy with a high rate of inflation and where prices of grads and service constantly increase with no hope of reduction with the effect that the real value of money in the consumer's hand is lower than its face value. This being the case the consumers only have little to spend therefore what ill be uppermost in their minds is to buy the product: of cheaper rate when compared with other products of the same quality. So this research hoke into ho effective standard costing is in the control of production cost and performance appraisal with reference to the Anambra motor manufacturing company (ANAMMCO) Enugu. It is the belief of the researcher that for the company to meet one of its goals of producing at a reduced cost but consistent quality for customer satisfaction. It has to establish a measure to effectively monitor and control production cost standard costing is one of the measures of achieving this. In order to achieve this purpose background of the study statement of the peoblem objective of the study, the signitance study was shown in chapter one