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Budgetary Control at Mangalore Chemicals and Fertilizers Ltd.: An Empirical Study During FY 2011-12

K.S. Ravinarayana*

Department of Business Administration, Vijayanagara Sri Krishnadevaraya University, Bellary, Karnataka, India.

Periodicity:September - November'2019
DOI : https://doi.org/10.26634/jecom.1.1.16481

Abstract

The study conducted on the budgetary control at MCF to examine the following points. In MCF the annual operational plan was prepared for ascertaining the budgeted performances with actual performances. The actual sales of the company is increased from 2007-08 to 2011-12 as compared to budgeted sales. The study is based on the data made th available by Mangalore Chemicals and Fertilizers Limited. The analysis was conducted for a period of 6 weeks from 10th December 2012 to 19th January 2013. The study is based on secondary data, collected from the information's provided by the company and by interview with the executives of the company. The t-test was used to evaluate the accuracy of the budget by comparing budgeted figures with actual figures. From the study it can be concluded that budgetary control is treated as one of the better techniques for minimizing cost and maximizing profit in Mangalore Chemicals and Fertilizers Limited.

Keywords

Budgetary Control, Mangalore Chemicals and Fertilizers Limited, t-Test.

How to Cite this Article?

Ravinarayana, K. S. (2019). Budgetary Control at Mangalore Chemicals and Fertilizers Ltd.: An Empirical Study During FY 2011-12. i-manager's Journal on Economics & Commerce, 1(1), 23-30. https://doi.org/10.26634/jecom.1.1.16481

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Budgetary Control at Mangalore Chemicals and Fertilizers Ltd.: An Empirical Study During FY 2011-12

Abstract

Keywords

How to Cite this Article?

References

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