Gelb Company currently makes a key part for its main product. Making this part incurs per unit variable costs of $1.55 for direct materials and $1.10 for direct labor. Incremental overhead to make this part is $1.54 per unit. The company can buy the part for $4.41 per unit. (a) Prepare a make or buy analysis of costs for this part. (Enter your answers rounded to 2 decimal places.) (b) Should Gelb make or buy the part? Make Buy (a) Make or Buy Analysis Direct materials Direct labor Overhead Cost to buy Cost per unit Cost difference (b) Company should: Marin Company makes several products, including canoes. The company reports a loss from its canoe segment (see below). All its variable costs are avoidable, and $315,000 of its fixed costs are avoidable. Segment Income (Loss) Sales Variable costs Contribution margin Fixed costs Income (loss) $ 1,038,800 742,000 296, 800 358,000 $ (61,200) (a) Compute the income increase or decrease from eliminating this segment. (b) Should the segment be continued or eliminated? Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Continue Eliminate Income Increase (Decrease) $ 1,019,200 1,019,200 0 Income (loss) $ 1,019,200 $ 0 $ (1,019,200) Required A Required B >