Glass Corp. currently manufactures Part Z23 that is a component of its main product. During the current year, the costs to produce 11,000 Parts Z23 are as follows:

Direct Materials	$ 58,000
Direct Labor	83,000
Variable Manufacturing Overhead	50,000
Fixed Manufacturing Overhead	57,000
Total Cost	$ 248,000

Glass has an opportunity to buy the 11,000 parts from another company for $29 each. If Glass buys the parts it can rent out the space currently used to make Part Z23 for $58,000 per year. All variable costs and 40% of the fixed costs are avoidable if the parts are purchased.

Based on this information, would Glass be financially better off making or buying the parts and by how much?