• The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
  • Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
  • Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
  • Full Access Fee: ₦4,000

Get the complete project » Instant Download Active


 This research work was focused on investigation on the use of budgeting as a tool for planning and control in a manufacturing industry .

The objective of the study is to show the important of budgeting as a tool for planning and control in operation of a manufacture industry which has profit maximization as its principal objective. The research also aims at identifying the procedures adopted in the formulation of annual budgets in a manufacturing industry.

  Based on this, the following hypothesis was formulated for the study. The hypothesis include:

1.      Managers use budgeting as a tool for planning and control in attaining the goals of the business.

2.      Decision-making is performed in a manufacturing industry using budgeting.

3.      Utilization of resource is achieved with the use of budgeting and budgetary control

Following the investigation and analyzation of the data, the following finding were made:

1.      The organization uses budgeting in achieving their goals and objectives.

2.      The main objective of the organization is maximization of profit.

3.      Efficiency and effectiveness of the organizations operation is enhanced through the use of budgeting etc.

From the finding, the conclusion were arrived that budgeting is a very essential and indispensable tool for planning and control. It helps management to be   well structure in sustaining the growth and expansion of the organization



    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.       Reseach 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 analysis in detail 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.      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.      Research Question

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? 


                  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.


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.

You either get what you want or your money back. T&C Apply

You can find more project topics easily, just search

Quick Project Topic Search