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Preparing a Make or Buy Analysis Alanco, Inc. manufactures a varlety 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 heip 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. If you entered " =85" into a blank cell, the formula would output the value from cell B5. - Bosic Math Functions: Allow you to use the basic math symbois 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+B5in a blank cell, the formula would add the values from those cells and output the result. 1. Use the Open Excel In New Tab button to launch this question. 2 When finished in Excel, use the Sove and Return to Assignment button in the lower right to return to Connect. For an answer to be graded as correct, you must use an Exce formula: 1. Begin each formula with an = sign 2. Aefrence cels, instead of entering values Example:-B3+C3 Alance. Ins manufactures a variety 6 Ari outside suppuer has otfeled to 1c cost of producing the component in Paget materinis Reonded: verknpace 1. Assuming the tompary his no alternative use for the focjisief oow being wed to produce the corspgnent. complete the foliowine analysis to detetmine if the cutsise supplier's aflershould be accepted Wuecelis A5 to 019 from the aven infermabon to complete this question. BLank ar zerb value andwers shauld be enter 2. Eused of thit anaisis, determine if Alanco should main or buy the coor ponert. Nameo, ine manutsctures a variefy of preducts and it curent y maunfocturing all of its owh component parts An cutside sugpler has offered to selione of those compgnems to Alanco. To evaluate this offer, the following information kas been kathered feliting to the cost of producine the component internally. Check Answers Legend Graded cell Leave bank if no needed satatchoad Use as a non-gra workspace (Uve cells As to B19 from the even informution to complete this queivion. Niank or rero value answen should be entered as ad) (Use aels As to B1s trom the given information to complete this question. Blank or jern velve answen should be ertered as a0) Check Answers (i) Legend Graded cell Leive Dank if no answer is needed Sctitchosed Use as a nom-graded 2. baced on thit andilis, determine at Alaco vhovla male or byy the component workspace