What things should I write here in my managerial accounting report

5. Provide your insights without changing the existing price of the product: a. Is there any wastage in the production cost or in the entire system? Point out the areas with proper explanation. b. Can you reduce their production cost without compromising the product quality? c. How can you reduce cost (e.g., raw material cost/ labor cost/ MOH cost/ wastage/ selling or admin cost/supplier cost/ location cost or any other cost) for this business so that their profit margin increases? Provide your suggestion/observation