ahead and purchase the components? Assuming it is cheaper to purchase, what are some qualitative reasons why we might go ahead and produce the components? 4. Pick 'n Strum Company produces and sells hand-constructed banjos. There are four (4) activities in the production process: (1) purchasing the DM (wood, strings, etc.), (2) cutting and sanding the wood into the body, neck, and pegs; (3) assembling the pieces together; and (4) packaging. The current selling price is $180 per banjo and we can sell as many as we make. For each banjo, we incur the following costs at each stage: Activity 1: DM = $80 Activity 2: DL $20 Activity 3: DL $30 Activity 4: DM $2; DL-$5 Nw cnidiag lig is f usblenlin the castomers our packaging activity would take DM $1 and DL $8 per banjo. We can sell as many assemble the banjos themselves. We would still go through activities (1) and (2). Then, kits as we want for $140 each Should we sell the banjo parts in kits or produce and sell completed banjos? Support your