Grant Corporation manufactures a drink bottle, model CL24. During 2017, Grant produced 170,000 bottles at a total cost of $484,500. Parker Corporation has offere to supply as many bottles as Grant wants at a cost of $3.00 per bottle. Grant anticipates needing 186,000 bottles each year for the next few years. Read the requirements Requirement 1a. What is the average cost of manufacturing a drink bottle in 2017? How does it compare to Parker's offer? The average cost of per bottle is than Parker's offer. Requirement 1b. Can Grant use the answer in requirement 1a to determine the cost of manufacturing 186,000 drink bottles? Explain. Grant V take the average manufacturing cost in 2017 to determine the total cost of manufacturing 186,000 drink bottles. The reason is that Requirement 2. Grant's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the drink bottle as the dependent variable and drink bottles produced as the independent variable: y = $433,000 + $1.00X. During the years used to estimate the regression equation, the production of drink bottles varied from 160,000 to 196,000. Using this equation, estimate how much it would cost Grant to manufacture 186,000 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Parker? Estimate how much it would cost Grant to manufacture 186,000 drink bottles, then calculate the cost to purchase the bottles. Estimated cost to make the bottles $ Cost to purchase the bottles $ It will cost $ to purchase the bottles rather than manufacture them in-house