Formatting Tubiles Omice Update To keep up-to-date with security updates, Tores, and improvements, choose Check for Updates A1 x fx Function: IF, SUM; Formula: Multiply. Subtract: Cell Referencing D E F G Function IF SUM; Formula: Multiply, Subtract: Cell Referencing Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or work area as indicated. Type the number toro in any field in the Make or Buy columns for which there is no cost. Using Excel to Assess a Make or Buy Decision PROBLEM Manson Industries makes an assembly part for its finished product. A supplier has offered to produce the assembly part. Information concerning the assembly part follows. Unit cost to make product Variable $ 5.00 Fixed 3.00 Offer by supplier to produce Per unit 6.00 Number of units 10.000 or the other is accepted, Manson will save all variable costs but no fixed costs Prepare an analysis using Excel's IF function showing the total cost saving, if any, Marison will realize by buying the part. Net Income Increase (Decrease) Make Buy Variable manufacturing costs Fixed manufacturing costs Purchase price Total Decision to be made Enter