A furniture manufacturer is assessing whether it should make or buy the wooden frames for upholstered dining room chairs. The forecast is for 95,000 chairs to be produced per year. The fixed costs per year to make the frames are $160,000 and the variable costs are $9/ frame. The supplier's bid is $8/ frame. a. Compute the total annual cost for insourcing and outsourcing the frames. b. Which option would you prefer? Insource Outsource