You are hired as a consultant to assist ABC manufacturing, Inc., a sporting goods manufacturer experiencing declining profits. Your assignment is to use your knowledge of management accounting to guide management to take the appropriate actions. Discuss the steps you would recommend; paying attention to the following:

(1) Five -Step decision- making process.

(2) Decision Model.

(3) The concept of relevance.

(4) Insourcing versus Outsourcing, including opportunity costs.

(5) Any other concepts you deemed relevant.