preparing a make or buy analysis

Alanco, Inc. manufactures a variety of products and is currently manufacturing all of its own component parts. An outside supplier has offered to sell one of those components to Alanco. The Controller has asked you to help evaluate this offer to determine if the company should make or buy the component. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet, 1 you entered -85" into a blank cell, the formula would output the value from cell 85 . - Basic Math Functions: Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), " (asterisk sign to multiply), and / (forward slash to divide). For example, if you entered =B4+B5 in a blank cell, the formula would add the values from those cells and output the resuit. 1. Use the Open Excel in New Tab button to launch this question 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. Required: 1. Assuming the company has no alternative use for the facilities now being used to produce the component, complete the following analysis to determine if the outside supplier's offer should be accepted. (Use cells A6 to B19 from the given information to complete this question. Blank or zero value answers should be entered as =0.) 2. Based on this analysis, determine if Alanco should make or buy the component. 2 Alanco, the manufactures a variety of products and is currently maunfacturing all of its own component parts. 3 An outside supplier has offered to sell one of those components to Alanco. To evaluate this offer, the following information has been gathered relating to the 4 cost of producing the component internally