Aladdin diary is a family business worth $$10$ Million and has been in the business for nearly $80$ years. This firm is considering to apply exit strategy because the newer generation of the family do not want to continue in the family business. The business model of this business is traditional and $60\%$ labor intensive. The owners of this family business seek advice from the consultants with regards to commencing the sale procedures. The expert view is that the company has to upgrade and modernize before it is offered for sale in the market. It is anticipated that the modernization will make the diary unit more automated and results in lower levels of labor.

You are asked to provide recommendations with regards to upgradation or modernization of the diary unit. Provide a summary on the following:

$-$ Whether the adoption of cutting$-$edge technologies in the production processes would reduce costs

$-$ Whether the upgradation would cause an increase in the sales revenue$-$ Whether the cutting$-$edge technologies will enhance process costing efficiency

$-$ Demonstrate how activity$-$based costing system can be applied for identifying the areas that are cost$-$efficient$/$in$-$efficient

$-$ Show the relevance of the job costing to optimal utilization of resources and

$-$ Develop your argument showing the effects of these upgradation on the sale offer $($positive or negative$)$ and provide your recommendations