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Gottlieb Company currently manufactures 40,000 units per year of a key component for its manufacturing process. Variable costs are $1.95 per unit and fixed costs

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Gottlieb Company currently manufactures 40,000 units per year of a key component for its manufacturing process. Variable costs are $1.95 per unit and fixed costs related to making this component are $65,000 per year. Allocated fixed costs are $58,500 per year, of which $35,000 are avoidable if the unit is not produced in-house. The company is considering buying this component from a supplier for $4.80 per unit. If Gottlieb buys the component, how much will the company save? (Enter your answer in whole numbers only. A savings should be entered as a positive number, a cost should be entered as a negative number using a minus sign. Do not include dollar signs, commas, or cents in your answer. You may submit written work to support partial credit for this question.) Numeric Response

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