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Analysis of Factors Influencing Activity-Based Costing Applications in the Hospitality Industry in Yenagoa, Nigeria

Author(s): Appah, Ebimobowei | Bariweni Binaebi

Journal: Asian Journal of Business Management
ISSN 2041-8744

Volume: 5;
Issue: 3;
Start page: 284;
Date: 2013;
Original page

Keywords: Activity-based costing | cost distortion | decision usefulness | hospitality industry | performance measurement | Yenagoa | Nigeria

This research examines the factors influencing activity-based costing application in the hospitality industry in Yenagoa, Nigeria. To achieve this objective, primary and secondary data were used. The secondary data include books, journals, periodicals, unpublished research materials and the internet and the primary data include interview and a well structured questionnaire administered to one hundred and 165 respondents in the 50 hotels sampled from the population. The data collected from the questionnaire were analyzed using relevant econometric tests such as unit root, granger causality and diagnostic, ordinary least square and descriptive statistics for the purpose of analysis. The results suggest a positive relationship between the factors influencing the adoption of ABC and the hospitality industry in Yenagoa. On the basis of the findings, the study concludes that for ABC adoption to be successful in the hospitality industry, owners and operators should invest on training, software and hardware, man-hour and commitment from all level of staff. Therefore, useful recommendations were provided for hotels in Yenagoa, Nigeria to fully adopt ABC costing technique for effective and efficient cost analysis and determination.

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