Requlred Information [The following Information applies to the questions displayed below.] Mel's Meals 2 Go purchases cookles that it includes in the 10,000 box lunches it prepares and sells annually. Mel's kitchen and adjoining meeting room operate at 70 percent of capacity. Mel's purchases the cookles for $0.66 each but is considering making them Instead. Mel's can bake each cookle for $0.20 for materlals, $0.15 for direct labor, and $0.47 for overhead without Increasing its capacity. The $0.47 for overhead includes an allocation of $0.31 per cookle for fixed overhead. However, total fixed overhead for the company would not Increase If Mel's makes the cookles. Mel himself has come to you for advice. "It would cost me $0.82 to make the cookles, but only $0.66 to buy. Should I continue buylng them?" Materlals and labor are varlable costs, but varlable overhead would be only $0.16 per cookle. Two cookles are put Into every lunch. Required: a. Prepare a schedule to show the dlfferentlal costs per cookle. (Enter your answers to 2 decimal places. Select optlon "higher" or "lower", keeping Status Quo as the base. Select "none" If there Is no effect.) b. Should Mel continue to buy the cookles? Yes No