Outdoor Life manufactures snowboards. Its cost of making 2 100 bindings is as follows: B: (Click the icon to view the costs.) Suppose Monroe will sell bindings to Outdoor Life for $12 each Outdoor Life would pay $1 per unit to transport the bindings to its manufacturing plant, where it would add its own logo at a cost of $0.50 per binding. Read the requirements Requirement 1. Outdoor Life's accountants predict that purchasing the bindings from Monroe will enable the company to avoid $1,900 of fixed overhead. Prepare an analysis to show whether Outdoor Life should make or buy the bindings. (Only enter the net relevant costs. For the Difference column, use a minus sign or parentheses only when the cost of outsourcing exceeds the cost of making the bindings in-house.) Make Outsource Difference Binding costs Bindings Bindings (Make-Outsource) Data Table Variable costs Direct materials Direct materials S 17.500 Direct labor 2.800 Variable overhead Direct labor Variable overhead Fixed costs 2,120 6,800 Fixed overhead S 29,220 Total manufacturing costs for 2,100 bindings Purchase price from Monroe Transportation Logo Enter any number in the edit fields and then continue to the next question Print Done Submit Test Alla 9:06 PM 8/18/2021 Type here to search O RI Total differential cost of 2,100 bindings Should Outdoor Life make or buy the bindings? Decision: Requirement 2. The facilities freed by purchasing bindings from Monroe can be used to manufacture another product that will contribute $3,500 to profit. Total fixed cost bindings. Show which alternative makes the best use of Outdoor Life's facilities. (Only enter the net relevant costs. Enter all costs as positive values. Use a minus sign on Outsource Bindings Make Facilities Make New Bindings Idle Binding costs Product Variable Costs Direct materials Direct labor Variable overhead Enter any number in the edit fields and then continue to the next question. O a Type here to search Outdoor Life manufactures snowboards. Its cost of making 2,100 bindings is as follows: B (Click the icon to view the costs.) Suppose Monroe will sell bindings to Outdoor Life for $12 each Outdoor Life would pay $1 per unit to transport the bindings to its manufacturing plant, where it would add its own logo at a cc Read the requirements. ** Variable Costs Direct materials Direct labor Variable overhead Fixed costs Purchase price from Monroe Transportation Logo Expected profit from new product Expected net cost of obtaining 2,100 bindings Which alternative makes the best use of Outdoor Life's facilities? Decision Enter any number in the edit fields and then continue to the next question. O EI a Type here to search