In this study an attempt is made to explore cost and management practices by selected 30 firms at Hubballi-Dharwad. The data collection methodology of the study is questionnaire survey. | A study on cost and management accounting practices by selected firms at Hubballi-Dharwad International Journal of Management IJM Volume 8 Issue 3 May June 2017 198 Article ID IJM_08_03_021 Available online at http ijm JType IJM amp VType 8 amp IType 3 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication A STUDY ON COST AND MANAGEMENT ACCOUNTING PRACTICES BY SELECTED FIRMS AT HUBBALLI-DHARWAD Purushottam N Vaidya Assistant Professor KLES s J G College of Commerce Hubballi Karnataka India Sharanappa Alur Student M. Com IV Semester KLES s J G College of Commerce Hubballi Karnataka India ABSTRACT In today s time of rapid technological transformation tough global and domestic competition total cost management is central to sustained corporate profitability and competitiveness. The management mantra today is conquering costs before these conquer firms. Cost means total cost to the customer. The cost leadership strategy does not mean compromise on either quality or technology or product differentiation. Low costs are no advantage if customers are not willing to buy the products of low cost firms. Cost management has to be driven with customer as the focus. The survival triplet today for any company is how to manage its product service cost quality and performance. Customers are continuously demanding high quality and better performance products services and at the same time they want the prices to fall. The challenge is being able to manufacture or provide service within the stipulated cost framework. Thus cost management has to be an ongoing continuous improvement program. In this study an attempt is made to explore cost and management practices by selected 30 firms at Hubballi-Dharwad. The data collection methodology of the study is questionnaire survey. The content of the questionnaire survey is based on review of literature. Analysis interpretation. .
