please solve it as soon as possible.

PART SP QUESTION 2 PART 1 component or buy it from an outside supplier. This component costs $70 Company Y is evaluating whether it should continue manufacturing a to manufacture. The total cost of production is given in the table below $24,000 $18,000 900 Manufacturing overhead Variable $20,000 Fixed manufacturing overhead $30,000 Units completed 5000 Direct material Direct Labour Direct Labour hours The company uses 5000 components per year. A supplier company X offered to provide this component for $65.00 per component, some managers felt they could reduce the cost by buying from the outside supplier If company buys the component it will avoid $8.00 per unit and $2.00 on VOM. The company can rent the unused portion of the factory for $15,000. REQUIRED Should the company make or buy the component