1 Alenco Inc manufactures a variety of products and is currently manufacturing all of its own component parts An outside supplier has offered to sell one of those components to Alance. The Controles has asked you to help evaluate this offer to determine the company should make or buy the component Use the information included in the Excel Simulation and the Excel functions described below to complete the task 10 points . co Part 0 . Cell Reference: Allows you to refer to data from another cel in the worksheet From the Excel Simulation below, if in a blank cell-ce was entered the formula would output the result from cell C4, or 22,000,000 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys plus sign to add minus sign to subtract.lasterisk sign to multiply, and forward slash to divide) From the Excel Simulation below, it in a blank cell-C14-15 was entered the formula would add the values from those calls and output the result or 2.900.000 in this example If using the other math symbols the result would output an appropriate answer for es function . E function: Allows you to testa condition and retum a specific value is the result is true and different value if the result is false. The syntax of me function is Fiest_conditional truvalue_lise and specific considerations need to be made when using this function The test condition argument is an evaluation of the status of a cell, such as the value of a coil is greater than less than or equal to another number or call the value me and waterte arguments will return any specific result for each option, such as another cell reference a value or text Throughout the entire equation if text is being used in the test condition value it, or value. Il faise arguments then the text itself should be entered in quotations so that Excel will recognize the text as a string of text instead of another function from the Excel Simulation below. If in a blank cell-FC-1000000 Net income is good","Net Income is bad was entered the formula would output the result of the value of true since the test_condition would be result as true or in this case the text "Net income good Excel processes their function by separating it out into separate parts. First the test condition-Excel thinks, and cel CR and deemoleme values greater than 1.000.000 Once Excel determines if the result of that test condition is TRUE O FALSE, it will return the wawe wear value_i_false Absolute Reference. Alows you to maintain the orginal ce reference when a formula is copied to another cell. The cell references locked" by cutting e collar sign (5) before the column and row references By default a cell reference is relative, so when you copy a formula to another cell the values update based on a relative reference. For example, if you copy the formula-8-89" from cell Ctto cel C2 the formula in cel C2 will relatively update to be-99.90 since the copied formula moved down one cell, the formula cell references elso moved down one cell Conversely, by eding the absolute cell reference locks to the equation, the formule will not change when copied to any other cell For example-58$8-SB$9 written in cell C1 is copied to cell C2, the formule in cell C2 will remain -858-$859 You can also use a mired cell reference by only locking the column or row only 1588 or BSB) which locks that specific column of row and the other reference becomes a relative reference and moves with the formule as its copled to another cell for example, if you copy the formula-858.89" from cel Ctto cell C2 the formula in cell C2 will update to be-658-10 since the copied form moved down one cell the formule cell relative references also moved down one cell but the absolute "locked reference remained the same. For this project, when using Absolute Call Referencing, you can also use the auto-till option however, for proper grading you should only autofilone call at a time and not an entire range Al Alanco, Inc. manufactures a variety of products and is currently maunfacturing all 1 All answers must be entered as a formula Click OK to begin OX . o Alanice, in manustactures a variety of products and is currently maunfacturing all of its own component parts. 2 An outside supplier has offered to sell one of those components to Alanco. To evaluate this offer the following 3 information has been gathered relating to the cost of producing the component internally 4 5 Direct materials 5 S 4.00 6 Direct labor 6.00 7 Variable manufacturing overhead 2.2000 8 Fixed manufacturing overhead, traceable 5.00 Fixed manufacturing overhead, common but allocated 8.00 10 Total cost $ 25.00 11 12 Supplier price $ 21.00 13 14 Units used per year 12,000 15 10 Fixed manufacturing overhead, traceable is composed of two items: 17 Depreciation of equipment (no resale value 30N 18 Supervisor salary 709 Pin U ferences 20 1. Assuming the company has no alternative use for the facilities now being used to produce the 21 component, complete the following analysis to determine if the outside supplier's offer should be accepted 22 10 Boot Print 23 Per Unit Differential Cost 12,000 units 24 Make Buy More Duy 25 26 Cost of purchasing 27 Direct materials 28 Direct labor 29 Variable manufacturing overhead 30 Fixed manufacturing overhead, traceable 31 Fixed manufacturing overhead, common 32 Total costs 33 34 Based on this analysis, write an if statement to determine if Alance should make or buy the component 35 36 Aance should the component 37 38 30 0 ces