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Cost Control Assessment Among Manufacturing Firms in Davao Del Norte: Basis For A Policy Formulation

The document is a survey being conducted by students at UM Tagum College to assess cost control practices among manufacturing firms in Davao del Norte in order to inform policy formulation. It contains a direction for respondents to rate on a 5 point scale the effectiveness of their organization's cost control related to determining material costs, using systematic cost arrangements, utilizing resources efficiently, maintaining adequate material quality and quantity, looking for innovative cost control ideas, examining standard versus actual costs, using resources efficiently to meet objectives, constructing budgets, controlling costs, planning cost use, analyzing cash flow, controlling credit risk, and improving cash flow synchronization.

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122 views

Cost Control Assessment Among Manufacturing Firms in Davao Del Norte: Basis For A Policy Formulation

The document is a survey being conducted by students at UM Tagum College to assess cost control practices among manufacturing firms in Davao del Norte in order to inform policy formulation. It contains a direction for respondents to rate on a 5 point scale the effectiveness of their organization's cost control related to determining material costs, using systematic cost arrangements, utilizing resources efficiently, maintaining adequate material quality and quantity, looking for innovative cost control ideas, examining standard versus actual costs, using resources efficiently to meet objectives, constructing budgets, controlling costs, planning cost use, analyzing cash flow, controlling credit risk, and improving cash flow synchronization.

Uploaded by

Gil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COST CONTROL ASSESSMENT AMONG MANUFACTURING FIRMS IN DAVAO

DEL NORTE: BASIS FOR A POLICY FORMULATION

As part of our research subject, we, the students of UM Tagum College are
conducting a survey and assessment regarding the COST CONTROL
ASSESSMENT AMONG MANUFACTURING FIRMS IN DAVAO DEL NORTE:
BASIS FOR A POLICY FORMULATION
. In line with this, we would like you to be part of the survey as one of our
respondents.

Name (Optional):_____________________________________

Direction: Please check (✔) and rate yourself honestly based on what you actually
do given the statements using the following scales.

Rating Level Description


Scale
5 Very High This means that cost control practices among manufacturing firms is
very much effective.
4 High This means that cost control practices among manufacturing firm is
much effective.

3 Moderate This means that cost control practices among manufacturer firm fairly
effective
2 Low This means that control practices among manufacturer is less

effective.

1 Very Low This means that cost control practices among manufacturing firm
is not effective.

5 4 3 2 1
COST TYPES

Our business is able to…

1. Determine the level of material cost for business operation

2. Use a systematic arrangement according to the essence of


cost.
3. Material invested and money spent should be efficiently and
effectively utilized

4. Proper system of material control to ensure economy in the cost


of production.
5. Give intructions or directions to ensure maintaining adequate
quality and quantity of materials for uninterrupted production
process with the objective of minimizing material cost per unit.

5 4 3 2 1
COST CONTROL TECHNIQUES
Our organization is able to

1. actively look for innovative ideas.

2. Contribute for profitability of business.

3. Examines the standard cost of each product or service


with actual cost to decide the competence of operation
so that remedial action may be taken immediately.
4. Efficient use of resources to achieve a preciously
determined set of objectives

5. Construct budget and lay out..

COST ALLOCATION

Our business is able to

1. Control and determine the idea cost required for the


business..
2. Plan for the use cost

3. Analyse the cash flow over the time period

4. Use Effective control credit risk management.

5. Improve and synchronized the cash flow

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