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8. Lockrite Security Company manufacturers home alarms. Currently, it is manufacturing one of its components at a total cost of $46 which includes fixed costs

8. Lockrite Security Company manufacturers home alarms. Currently, it is manufacturing one of its components at a total cost of $46 which includes fixed costs of $15 per unit. An outside provider of this component has offered to sell Lockrite the component for $37. What is the cost savings for continuing to make the component?

Differential cost to purchase:
$
Differential cost to manufacture:
$
Cost savings from continuing to make the component $

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