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Data Table $ Direct materials Direct labor 17,540 2,600 2,040 6,300 Variable overhead Fixed overhead $ 28,480 Total manufacturing costs for 2,100 bindings Print Print Done Requirement 1. Winter Sports' accountants predict that purchasing the bindings from Monroe will enable the company to avoid $2,300 of fixed overhead. Prepare an analysis to show whether Winter Sports should make or buy the bindings. (Only enter the net relevant costs. For the Difference column, use a minus sign or parentheses only when the cost of outsourcing exceeds the cost of making the bindings in-house.) Make Bindings Outsource Bindings Difference (Make-Outsource) Binding costs Variable costs: $ Direct materials Direct labor Variable overhead 17,540 2,600 2,040 Fixed costs 2,300 17,540 2,600 2,040 2,300 (31,500) (2,100) (1.470) (10,590) Purchase price from Monroe $ Transportation 31,500 2,100 1,470 35,070 $ Logo $ 24,480 $ Total differential cost of 2.100 bindings Should Winter Sports make or buy the bindings? Decision: Make the bindings. Requirement 2. The facilities freed by purchasing bindings from Monroe can be used to manufacture another product that will contribute $2,900 to profit. Total fixed costs will be the same as if Winter Sports had produced the bindings. Show which alternative makes the best use of Winter Sports' facilities. (Only enter the net relevant costs. Enter all costs as positive values. Use a minus sign or parentheses for decreases to net costs.) Outsource Bindings Make New Make Bindings Facilities idle Binding costs Product Variable Costs: Direct materials Direct labor Variable overhead Fixed costs Purchase price from Monroe Transportation Logo Expected profit from new product Expected net cost of obtaining 2,100 bindings