Lakeview Engine, Inc. produces engines for the watercraft industry. An outside manufacturer has offered to supply several component parts used in the engine assemblies, which are currenty being produced by Lakeview. The supplier will charge Lakeview $325 per engine for the set of parts, Lakeview's current costs for those part sets are direct materia's, $160; direct labor, $80, and manufacturing ove head applied at 100% of direct labor. Variable manufacturing overhead is red to be 2 % of the to an xe overhead ill not change e art sets re acquired from the outside supplier Required: a. What would be the net cost advantage or disadvantage if Lakeview decided to purchase the parts? b. Should Lakeview Engine, Inc., continue to make the part sets or accept the offer to purchase them far $3257 O Lakeview Engine, Inc. should continue to make the pert sets. Lakeview Engine, Inc. should accept the offer to purchase the part sets for 325