REVIEW JURNAL : Cost Management Practices and Firm’s Performance of Manufacturing Organizations

REKAP ISI JURNAL ILMIAH

UNTUK KAJIAN PENELITIAN YANG RELEVAN

NamaPengutip: Rinny Viany                          Hari/Tgl Pengarsipan: Kamis/25 September 2014

No	ASPEK JURNAL	SUBSTANSI/ ISI JURNAL DIKUTIP
1	Judul /title:	Cost Management Practices and Firm’s Performance of Manufacturing Organizations
2	Nama penulis :	by Oyerogba Ezekiel Oluwagbemiga, Olaleye Michael Olugbenga & Solomon Adeoluwa Zaccheaus
3	Nama, edisi, halaman jurnal :	Canadian Center of Science and Education ,International Journal of Economics a nd Finance; Vol. 6, No. 6; 2014
	Sumber/bentuk	http://dx.doi.org/10.5539/ijef.v6n6p234
4	Setting  penelitian
	A. Tempat penelitian :	School of Human Resources Development, Jomo Kenya tta University of Agriculture and Technology, Kenya
	B. Waktu penelitian :	Received: March 10, 2014            Accepted: April 1, 2014             Online Published: May 25, 2014
	C.  Subyek penelitian :	40 manufacturing companies listed on the Nigeria stock exchange during the period of 2003 to 2012
5	Kerangkapikir :	Where; Y   = Profitability; X 1= Direct Material Cost; X 2= Direct Labour Cost; X 3= Factory Overhead Cost; X 4= Administrative Overhead Cost. Dependent variable (Y) Independent Variable (X1,X2,X3,X4)
6	Metodologi penelitian
	A. Jenis/ pendekatan :	descriptive and inferential statistic
	B. Metode sampling :	Purposive sampling
	C. Metode pengumpulan data	use of secondary data only which was extracted from the audited financial statement of the selected companies and  the security and exchange commission fact book
	D. Metode analisis data :	The statistical methods used for this analysis includes the t-statistic and Pearson regression coefficient
7	Teori yang digunakan :	· Cost behavior according to Asaolu and Nassar (2007) is the study  of the ways in which costs vary or do not vary with the level of activity in an organization · Profitability wa s however defined by lucey (1997) as the excess of revenue and cost. In other word, profit is determined by deducting cost from revenue · Horngren (2006), defined a controllable cost as any cost that is primarily subject to the influence of a given responsibility center manager for a given time period. · Horngren (2006) asserted that the manager of the  responsibility centre should cl assify costs and revenue allocated to responsibility centres according to whether  or not they are controllable or non-controllable. · Blocher, Chen and Lin (1999), define Kaizen costing technique as the application of continuous improvement specifically to reduce costs;  it focuses on making production and service delivery processes more efficient.
8	Hasil/temuan penelitian :	· Profitability was found to be negatively correlated with  administrative overhead cost. This result supports the  findings of Wadley and kuisi (1998) which suggests an inverse relationship between profit and non-variable cost · The relationship between profitability and direct material cost was positive. This result was in disagreement with the postulation of Ayinde (2006) which affirmed that profit can be improved by cost reduction. · relationship was statistically significant as supported by the t-value of 9.2357, it was not support by the existing literature such as Shal (2011), Mishra and Guptal  (2010), thereby create aven ue for further research.
9	Diskusi :	· The t- statistic was -9.2505 which falls in to the rejection region of the critical table tested at 10% level of significance, thus our alternative hypothesis which predicts a significant relationship between profitability and indirect expenses was accepted. · The t-statistic computed was 7.4539 while the critical value at 10% level of significance was 1.44, thus our alternative hypothesis which predicts a significant relationship between profitability and total cost is not rejected · Th is implies that an increase in direct labour leads to increase in production and revenue and thereby leads to increase in profitability.
10	Saran  & rekomendasi
	A. Saran :	·   It is therefore recommended that cost management strategies that focus on reduction of production overhead and administrative overhead should be embarked upon by the manufacturing organizations if their profit maximization and wealth creation objectives will be met.
	B. Rekomendasi :	-