Please answer these four questions according to the chart
Decision Difference Direrct Material 20000 Buy or May Decision Difference Direct Labor 80000 Buy or May Decision Difference Other Variable Manufacturing Costs -50000 Buy or May Buy or May Decision Difference Fixed Manufacturing Costs -20000 Buy or May Decision Difference Purchase Cost 160000 1 By looking at the visualization, you notice that purchase cost is positive but everything else is negative. Which of the following statements best describes this observation? When we compare all the costs under both conditions (make versus buy), these numbers are the differences. The positive value indicates the expenses we pay and the negative values represent the expenses we can save when buying the product. This is incorrect. The visualization must erroneously flip the signs. o We use negative value to show an expenditure, which is the reason why the manufacturing expenses are negative. o We use different signs to show whether it is paid internally or it is paid through external parties. By hovering over the figure, what is the total manufacturing costs if we decide to make the product by ourselves assuming no other costs are involved in this manufacturing process? $100,000 O $170.000 $80,000 $120,000 Based on the visualization, would you choose to make the product or choose to purchase the product? Make since the cost is negative. O Make as it is cheaper to make it by ourselves. O Purchase as we can skip the manufacturing process. O Purchase since it is less expensive. Make or Buy Decisions Make or buy is always an important decision for your company. Though your company has the capacity, sometimes it may be less expensive to purchase directly from another wholesaler. The visualization in this exercise shows the cost difference between make versus buy. Based on this information, please answer the following questions. Click here to access a Tableau file, and here to access a Power BI file (The Tableau and Power BI files contain the same data: you can use either to answer the questions in this assignment. Your instructor may specily which program they prefer you to use!) How to Access Tableau: You can open the Tableau hle in this problem statement with Tableau Desktop software. If you don't have Tableau Desktop, you can download the most recent version of Tableau Reader, a free program that allows you to open Tableau visualizations. To get the most recent version, search for "Tableau Reader"in your internet browser or click here. How to Access Power BI: You can open the Power BI ble in this problem statement with Power BI Desktop. If you don't have it already, search for "Power Bl download" in your internet browser or click here for a free download. Let's consider the decisions differently and ignore the fixed costs shown in the visualization. Will you make your decisions differently if we only consider variable manufacturing costs when making the decision
