Fair Engineering Company manufactures part QE 767 used in several of its engine models. Monthly production costs for 10,000 units are as follows: Direct materials Direct labor Variable support costs Fixed support costs Total costs $ 80,000 20,000 50,000 40,000 $190,000 It is estimated that 20% of the fixed support costs assigned to part QE767 will no longer be incurred if the company purchases the part from the outside supplier. Fair Engineering Company has the option of purchasing the part from an outside supplier at $16 per unit. Required: a. Which of QE767's production costs are avoidable? b. What is the dollar value of avoidable costs? c. What is the maximum price that Fair Engineering Company should be willing to pay the outside supplier for each unit of part QE767? d. Should Fair Engineering Company outsource part QE767? Why or why not