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Renown Company can sell all of their production output for their main product. The company also produces one of the main product's components-part #99.

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Renown Company can sell all of their production output for their main product. The company also produces one of the main product's components-part #99. The standard cost for part # 99 is as follows: Direct material Direct labour Variable overhead Fixed overhead $25 20 12 10 $67 An outside supplier has approached Renown and offers to provide part #99 to Renown for $60. REQUIRED: Provide calculations (3 points) and discussion (3 points) to advise Renown Company.

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