Summer 20 Corp manufacture a component. The company is considering buying the component from a supplier. For each of the following, state whether it is a RELEVANT or IRRELEVANT cost to the decision.

1. The potential uses of the facilities that are currently used to manufacture the component.

2. The insurance on the manufacturing facility which will continue regardless of the decision.

3. Allocated corporate fixed costs which would have to be allocated to other products if the component is no longer manufactured.