Format: MS WORD  |  Chapter: 1-5  |  Pages: 88  |  1273 Users found this project useful  |  Price ₦3,000


Business organizations need planning to achieve their aims and objective. It thorough planning in an organization cannot be done without involving the act of budgeting. The management has the purpose of providing a feed – foreword process. The concept of feed-forward =process in to provide each manager with guideline for making operation decision on a day –to- day basic. Budgeting deals with plans and monitoring activities to ascertain whether they conform to the plans. This is the control and coordination aspect of budgeting.
Manufacturing industries can only achieve profit maximization by proper planned use of available resource. This is sustained when different activities are efficiently coordinated, and decisions taken in the organization are result oriented. Business organization requires the use of some techniques in the formula and adoption of planned and defined system and tools with a view to achiever set goals. Such tools and systems include budgetary variance analysis and budgetary control.
The process of setting goals to be achieve in the future time and determining how these goals are to be reached is described as PLANING, while the process of translating this planning into financial target can be described as BUDGETING.  Reg, H. Garrison, in his opinion, defined budget, thus, a budget is a detailed plan showing how resources will be require and used over some specify time interval. It repented a plan for the future expressed in a formal qualitative terms. The act of perpetrating a budget is called budgeting. The use of budget to control a firms activities is known as budgeting control ‘’.    
This project is organized in five chapters, which aimed at finding out the budget process used achieving the goals of a typical. Manufacturing, industry with profit maximization as its main objective.  
Chapter one is an introduction to the study concerning such issues as:
(1)     Statement of problem 
(2)      Purpose of the study
(3)      Statement of hypothesis
(4)      Research question
(5)     Scope and limitation of the study
(6)     Significant of the study
(7)     Definition of terms 
Chapter two present the literature review, which such issues as:
(1)  Definition of budget
(2)  Feature and function of budget
(3)  Preparation of budget
(4)  Types and methods of budget
(5)  Problems associated with budget
(6)  Planning function in an organization
(7)  Controlled function in an origination
(8)  Budget control and analysis of variance.  
Chapter three presents the research design methodology. The source of data collected for analysis, and treatment of some of the problems encountered during data collected were examined and analysed in detail in chapter four to enable us draw conclusion there by making recommendation.
Chapter five contains the summary of the research, recommendation and conclusion.  
The management has his primary duty of achieving the objective of profit maximization of the company through budgeting .due to the state of our economy, and government policies, this goal is much hindered during the period of economic depression which features low capacity utilization, high interest rate shortage of foreign exchange to buy the needed, raw material. Management is filed with the problem of how to make use of available scarce resources your order to achieve the objective of profile maximization.   This research work is intended to help in determining and highlighting the problems that militate against the application and utilization of budgeting as a tool for planning and control in a manufacturing industry.
The research work will provide solution of the following problems.      
(1) Inability of the manufacturing company objectives                                     
(2) Insufficient appraisal of the company performance base on budgeting.
(3) Inability of officers in the cost centers to conform to guild line and attain the standard set in the organization. This is applicable to all workers
(4) Inadequate monitory of compliance with and deviation from department and entire budgets.
1.2    PURPOSE OF THE STUDY         
The purpose of this study includes the following: -
(1)     To show the importance of in getting as a tool for planning and controlling in the operation s of a manufacturing industry which has the maximization of profit ads its principal objectives
(2)     To identify the procedures adopted in the formulation and implementation of animal budget in Nigerian Breweries plc Enugu 
(3)     To determine whether there is a correlation between the type of budget implemented and their actually performance.
(4)     The study will determine whether or not budgeting control as a management tool contributes to the improvement of managerial efficiency and high productivity.
(1)  How does managers use budgeting in planning and control in author the goals of a business?
(2)  How does decision making performed in a manufacturing industry using budgeting as a tool for planning and control?
(3)  How has utilization of resources achieved with the use of budgeting and budgetary control?   
1.4   STATEMENT OF HYPOTHESIS                     
The following are the basic for research in this study:
HI: Managers are using budgeting in planning and controlling the  business resources
HO: mangers are not using budging in planning and controlling the business resource.
HI: budgeting is a tool for effective decision making in manufacturing industry.
HI: utilizations of resource is achieved with the use of budgeting and budgetary control
HO: utilization of resource is not achieved e with the use of budgeting and budgetary control.        
The study of budgeting as a tool for planning and control in a manufacturing industry has its scope limited to manufacturing industry Nigeria. Among the major constraints is the fear of job security by some staff of the company might be unsafe if they grant interviews. Again funds available to the researcher and cost of printing the questionnaire to and from the respondents. Moreover there was retaining of time so as to come other course within the limited time.   1.6   SIGNIFICANCE OF THE STUDY
In the business world the main objective is to maximize profit by providing goods and services of fair, comparative, and affordable prices no management can ignore profit maximization unless it will be stifled out of business.      Hence, this study is significant with the following reason:
(1)  The study will determine whether budgeting as tool for planning and control played any significant role toward ensuring portability and efficient rendering of goods and services.
(2)  Ascertain the role-play by the management in budgeting and whether they ensure to the budget.
(3)  Ascertain the role of budget as a tool for effective and efficient utilization of scare resources.
(4)    The study will help future researcher on budgeting and budgetary control with emphasis on manufacturing industry.  
A BUDGET: The institution of cost and management accountants define budget as a plan quantified in monetary terms, prepared and approved prior to a define period usually showing planning income to be generated and or expenditure to be incurred during that period and the capital to be employed to attain that objective.  
BUDGETARY CONTROL: This is the different between planned (budgeted) and actual result (cost). This may be favorable where actual cost is less than a standard (budget) cost. If it unfavorable where actual cost is greater than standard (budgeted) cost. Alternative terms are MINUS OR PLUS variances, respectively.
ORGANISATION: This is all establishments whether government or privately owned.


Not What You Are Looking For?

For QUICK Help Call Us Now!

+234 813 292 6373

Here's what our amazing customers are saying

Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.


  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on 0813-292-6373 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.


How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: (+234) 813-292-6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!