COST ACCOUNTING INFORMATION AND PRODUCT COSTING IN SELECTED PAINT MANUFACTURING COMPANIES
The studies of modern cost accounting yield an insight into both the accountant and management roles in an organization especially with relation to product costing. Management in most cases wants to know how to determine the cost of the products and often depend on cost accounting information for guiding their decisions. Decision making can be seen as making purposeful choosing from among a set of alternative cause of action in light of some objectives. Cost accounting information has a main purpose of accumulating cost of an organizational products and services. Managers of manufacturing companies can use cost accounting information as a guide in setting selling prices and for inventory valuation and profit determination (Adeniyi, 2000). However, this research is aimed at determining the relationship between cost accounting information and product costing in some selected paint manufacturing companies in Port Harcourt, Rivers State, Nigeria.