Abstract
The principles and techniques of standard costing as a subset of cost management, are among the cost management techniques that are adopted and practiced in most of the bakery operations in the River State. Therefore, data were gathered from 373 bakeries in operation in Port-Harcourt and tested using regression and descriptive statistics. The managers and supervisors of the 373 bakeries that are in operation in Port-Harcourt made up the target/accessible population for this study. Primary source of data and basic random sample techniques were used as the sampling method for this investigation. The research findings show that there is a significant relationship between standard cost, actual cost, efficiency and waste reduction strategies and performance of bakery operations. Also, there is a significant relationship between standard costing techniques and performance. Based on the foregoing therefore, this study arrived at the following conclusions: that standard costing is widely used in bakery businesses in the Rivers State and it enhances adequate planning, cost control and decision-making processes, Also, a good plan and practical execution would guarantee good performance. Based on the findings and conclusions of this study, it is strongly recommended that: the bakery operations in River State should ensure that standard costing techniques are the preferable method of costing practice in the bakery businesses in the Rivers State in order to achieve improved performance and achieve organizational goals.