Current Attempt in Progress Sheridan Bicycle Company manufactures its own seats for its bicycles. The company is currently operating at 100% capacity. Variable manufacturing overhead is charged to production at the rate of 60% of direct labor cost. The direct materials and direct labor cost per unit to make the bicycle seats are $8 and $9, respectively. Normal production is 46,000 bicycles per year. A supplier offers to make the bicycle seats at a price of $21 each. If the bicycle company accepts this offer, all variable manufacturing costs will be eliminated, but the $27,600 of fixed manufacturing overhead currently being charged to the bicycle seats will have to be absorbed by other products a Prepare the incremental analysis for the decision to make or buy the bicycle seats. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). Do not leave any field blank. Enter Ofor the amounts.) Net In Increase (I Buy Make $ $ $ Net In Increase (I Make Buy $ $ $ $ $ $ Purchase Price Direct Material Total annual cost Variable Manufacturing Costs Fixed Manufacturing Costs Direct Labor Opportunity cost z ty ON W -117 Make Buy Net Income Increase (Decrease) $ $ I $ $ e Textbook and Media