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Gelb Company currently makes a key part for its main product. Making this part incurs per unit variable costs of $1.70 for direct materials and

image text in transcribed Gelb Company currently makes a key part for its main product. Making this part incurs per unit variable costs of $1.70 for direct materials and $1.25 for direct labor. Incremental overhead to make this part is $1.60 per unit. The company can buy the part for $4.80 per unit. (a) Prepare a make or buy analysis of costs for this part. Note: Enter your answers rounded to 2 decimal places. (b) Should Gelb make or buy the part

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