STANDARD COSTING AND EFFICIENCY OF CEMENT BLOCK MANUFACTURING BUSINESS IN NIGERIA
1Sani Alfred Ilemona & 2Nkwagu L. C.
1Department of Accounting and Business Administration, Federal University, Kashere, Gombe State
2Department of Accountancy, Ebonyi State University, Abakaliki
Email: saniilemona@gmail.com
Corresponding author: Sani Alfred Ilemona
ABSTRACT
The study examined literature and contextual review of Standard Costing (SC) as a tool that can impact positively on manufacturing efficiency of cement block making enterprise in Nigeria given the fact that block is a key material in a building construction project. The aim of the study is to assess whether the standards laid down by the regulatory authority/agency – Standard Organisation of Nigeria (SON) for producers of this material have been adhered to and also to state the benefits of setting a pre-determined Standard cost (SC) for the required standard expected of a quality block (material) used in building construction. The findings from various studies suggest that there is wide non-adherence to the standards set for production of quality cement blocks for users. It was also discovered that poor quality blocks (material) is one of the key factors responsible for building cracks and rampant cases of their collapse in the entire country. The study recommended among others that registration of all cement block producers in Nigeria with SON should be made compulsory with a view to monitoring the quality of this important building material and any producer found wanting should be blacklisted.Keywords: Standard Costing – Efficiency – Cement blocks – Producers – Standards – Adherence
