Strategic Cost Management and Accuracy of Cost Information in Selected Manufacturing Firms in Lagos and Ogun States, Nigeria

Abstract

The use of distorted cost information in manufacturing firms in Nigeria is affecting their survival because they are unable to manage their costs effectively. New costing strategies are required to be used for achieving undistorted cost information. Hence, the objectives of this study were to: assess the effect of Activity-Based Management (ABM) on accuracy of cost information; evaluate the influence of life cycle costing (LCC) on accuracy of cost information; and examine the impact of Target Costing (TC)