Cost Control In Managing Industries: A Case Study Of West Africa Milk Company Plc., Lagos

ABSTRACT Profit maximization is the pursuit of every business organization.  Profit itself is the excess of revenue over expenditure.  To obtain this profit, increase in selling price of the product or reduction in the cost of production is inevitable.  Since excessive price increase is dreaded by the public, it becomes necessary to achieve the business objective through controlling the cost of production of each product. This project, therefore, is undertaken to give actual background on cost control measure, the need for the control, cost items to be controlled and affect of uncontrolled cos…