Application of managerial accounting concepts and practices and use financial data to make business decisions.

Consider the research and analysis and apply the "Conceptual Framework for Managerial Costing,". Follow the process outlined in the "Where to Start" section of this topic resource. Assume the company is considering making a change, such as adding a new product or entering new markets. Your task is to determine what the "change" could be and the steps that would need to be taken in the decision-making process.

Summarize the proposed change the company is considering.
Discuss the specific information that must be collected to perform the analysis on the proposed change.
Discuss the scope of the analysis and what parameters will be used to determine whether the proposed change should be made.
APA style is not required, but solid academic writing is expected.

Sample Solution