1. A Company is using the mark up on materials on the following data: Materials 500,000.00 Labor cost 300,000.00 Factory overhead 50,000.00 Selling and administrative expenses 200,000.00 Operating profit 125,000.00 1.1 Determine mark up on materials cost 1.2 How much selling price per unit if company sold 1,000 units 2. X Company is purchasing 2000 parts from an outside supplier for P170 a part. If the company makes the part internally, the costs will be assigned to the part as follows: Direct Materials 120,000 Direct labor cost 100,000 Variable overhead 60,000 Fixed overhead 80,000 Total cost 360,000 Manufacturing per unit will amount to 180 (360,000/2000) 1.a. Should the company manufacture the parts or buy them from an outside supplier? 1.b. How much savings if parts will be manufactured internally