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You are not required to submit this assignment to Turnitin. Distinguish between a variable cost, a fixed cost, and a mixed cost. Identify a publicly traded, well-known company, and identify what you envision would be a variable cost, a fixed cost, and a mixed cost for this company. Do not choose a company that one of your classmates has already chosen. Participate in follow-up discussion through responding to one of your classmates’ posts, adding to the variable, fixed, and mixed costs that might exist for the company presented. What is meant by a product’s contribution margin ratio? How is this ratio useful in planning business operations? Your company, Diamond Dynamics, is researching whether or not it would be a good decision to invest in new manufacturing equipment that will significantly speed up production time on the assembly line. 850,000. In a 500-word description, Explain how a CVP analysis would be useful for determining whether or not the investment is worth it.
Also, explain the limitations of a CVP analysis in this situation and for making managerial decisions in general. APA format is not required, but solid academic writing is expected. Complete “Problem 6-21 Segment Reporting and Decision Making” in chapter 6 of Managerial Accounting and present your responses in an Excel spreadsheet. What other ways, besides relevant costs, could be used to analyze a make-or-buy decision? How is relevant costing used in decision making? What would the relevant costs be in deciding whether to discontinue a segment of business? What would the relevant costs be in deciding how to optimize use of a constrained resource? Voice App is a midsize software company that specializes in voice recognition software. Due to rising costs of maintaining IT technical support, your director is considering outsourcing¬ your technical support services. Currently, your technical support service desk is staffed by 30 full-time and 15 part-time employees. Your director has asked you to prepare a recommendation report that includes the advantages and disadvantages of outsourcing and a cost/benefit analysis to determine if outsourcing will actually result in any significant savings for the company.