During this module, we covered a variety of relevant cost concepts that managers including cost accountants and managerial accountants face in the real world. These topics come up on almost a daily basis in most organizations—both for profit and not-for-profit.

With that background and what you learned in the required readings, develop a scenario of personal and/or professional interest to you that illustrates one of the major relevant cost concepts listed below: 

• insource vs. outsource
• keep vs. drop a product line
• product mix decisions
• how fixed costs impact decision-making
• sell or process further

You can create your own exercise from scratch, or you can select one of the Brief Exercises at the end of Chapter 5 or 15 in your course textbook for the purposes of your initial response.

In your initial response, ensure you incorporate relevant real-life scenarios and/or academic debates and include in bold type the above concept you selected or the Brief Exercise you are answering shown above in the discussion with your answers underneath each question.