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Need some help with the following accounting question, thanks! A B C D E F G H K M N Function: IF, SUM; Formula: Multiply,

Need some help with the following accounting question, thanks!

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A B C D E F G H K M N Function: IF, SUM; Formula: Multiply, Subtract; Cell Referencing N Using Excel to Assess a Make or Buy Decision Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical 5 Manson Industries makes an assembly part for its finished formulas with cell references to the Problem area or work area as indicated. Type the product. A supplier has offered to produce the assembly part. number zero in any field in the Make or Buy columns for which there is no cost. 7 Information concerning the assembly part follows. 8 9 Unit cost to make product Prepare an analysis using Excel's IF function showing the total cost saving, if any, Manson 10 Variable EA 5.00 will realize by buying the part. 11 Fixed 3.00 12 Offer by supplier to produce Net Income 13 Per unit 6.00 Increase 14 Number of units 10,000 Make Buy (Decrease) 15 Variable manufacturing costs 16 If the offer is accepted, Manson will save all variable costs but 17 no fixed costs. Fixed manufacturing costs 18 19 Purchase price 20 21 Total 22 23 Decision to be made 24 25 26

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