Exercise 23-2 Make or buy LO P1 Gelb Company currently manufactures 54,500 units per year of a key component for its manufacturing process. Variable costs are $2.95 per unit, fixed costs related to making this component are $79,000 per year, and allocated fixed costs are $76,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying the component from a supplier for $3.70 per unit. Calculate the total incremental cost of making 54,500 units and buying 54,500 units. Should it continue to manufacture the component or should it buy this component from the outside supplier? Complete this question by entering your answers in the tabs below. Outside Costs to Make Costs to Buy Calculate the total incremental cost of making 54,500 units (Round "variable cost per unit answers to 2 decimal places incremental Costs to Make Relevant Amount per Relevant e d Costs Total Relevant Costs Allocated fixed costs $ 0 Fixed manufacturing costs Purchase price per unit Costs to Buy > Total manufacturing cost per unit Variable cost per unit Exercise 23-2 Make or buy LO P1 Gelb Company Currently manufactures 54,500 units per year of a key component for its manufacturing process. Variable costs are $2.95 per unit, fixed costs related to making this component are $79.000 per year and allocated fixed costs are 576 500 per year The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.70 per unit. Calculate the total incremental cost of making 54,500 units and buying 54,500 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier? Complete this question by entering your answers in the tabs below. Costs to Make Casts to Buy Outside Calculate the total incremental cost of buying 54,500 units. (Round purchase price per unit answers to 2 decimal places Incremental Costs to Buy Relevant Relevant Fixed Costs Total Relevant Costs Allocated fixed costs Fixed manufacturing costs Costs to Make Outside Supplier > Purchase price per unit Total manufacturing cost per unit Variable cost per unit Exercise 23-2 Make or buy LO P1 Gelb Company currently manufactures 54,500 units per year of a key component for its manufacturing process Variable costs are $2.95 per unit, fixed costs related to making this component are $79.000 per year, and allocated forced costs are 576.500 per year. The allocated foxed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.70 per unit Calculate the total incremental cost of making 54,500 units and buying 54,500 units. Should it continue to manufacture the component or should it buy this component from the outside Supplier? Complete this question by entering your answers in the tabs below. Costs to Make Costs to Buy Outside Supplier Should it continue to manufacture the component, or should it buy this component from the outside supplier Should Gelb make the part or purchase it from the outside supplier? (Costs to Buy