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THE EFFECT OF STANDARD AND BUDGETARY COSTINGS ON THE RETURN ON ASSETS OF QUOTED CONSUMER GOODS FIRMS IN NIGERIA

ABSTRACT

The study assessed the Effect of Standard and Budgetary Costing on the Return on Assets of Quoted Consumer Goods Firms in Nigeria. The study adopted both descriptive survey and expost facto research designs. The population of the study consisted of twenty (20) consumer goods firms listed on the Nigeria Stock Exchange Group as of 2025. The sample size of this study consisted of one hundred and fifty (150) staff randomly selected from the study population based on the six geopolitical zones in Nigeria .The sampling method used for this study was stratified sampling technique. This study used both primary and secondary sources of data collection via structured questionnaire and firms’ financial reports. The data collected were analyzed using multiple regression analysis technique and descriptive statistics technique respectively via SPSS Version 20. The study found a positive significant effect of Budgetary control (BUC) and standard costing (SC) respectively on the financial performance of quoted consumer goods firms in Nigeria. The study concluded that both standard costing and budgetary costing have limited but notable effects on the return on assets (ROA) of quoted consumer goods firms in Nigeria. One of the recommendations made was that the management of the studied companies should always develop and adopt budgetary control strategy as it revealed a positive and significant effect on the financial performance of quoted consumer goods firms in Nigeria.

KEYWORDS: Standard and Budgetary Costings, Return on Assets, Quoted Consumer Goods, Firms, Nigeria

GEORGE, Emem Monday,USEN, Paul Umo, Ph.D,UWAKMFON, Simeon, Ph.D AND ROBERT, Otobong Godwin

WORLD ATLAS INTERNATIONAL JOURNAL OF EDUCATION & MANAGEMENT. VOL 8 NO 1