Costing Techniques and Pricing Decisions of Manufacturing Companies in Ogun State
Babatolu Ayorinde Tobi, Aigienohuwa Osarenren Osasrere, Adewumi Ademola Adeniran

Introduction
In recent years, companies have drastically reduced their reliance on traditional accounting technique by developing activity-based and target cost management systems due to the facts that Traditional costing techniques do not provide detailed information to managers to make cost effective decisions. The study population comprised Ninety-eight (98) manufacturing companies with a sample size of Twenty-two (22) selected manufacturing companies using convenience sampling technique. A structured questionnaire was used to elicit information on relevant variables from respondents The data analysis techniques used for the study were Kolmogorov Simonov test and kruskal-Wallis test through the aid of Statistical Package for social sciences(SPSS 21.0).The findings of the study revealed that there was significant difference in the use of Target costing technique for pricing decision(p<0.05) and there was no significant difference in the use of Activity based costing technique for pricing decision.(p>0.05).This study concluded that there was strong consensus on the wide use of Activity based costing and target costing for pricing decision. The study recommended that the use of costing technique could also be extended to other sectors of Nigerian economy aside the Manufacturing sector.

Full Text: PDF