The following information was collected from the accounting records and production data for the year ending December 31, 2022. 1.8,000 units of CISCO were produced in the Machining Department. 2. Variable manufacturing costs applicable to the production of each CISCO unit were: direct materials $4.60, direct labor $4.19, indirect labor $0.42, utilities $0.40. 3. Fixed manufacturing costs applicable to the production of CISCO were: Cost Item Depreciation Direct Allocated Total $1,900 $920 $2,820 Property taxes Insurance 540 270 810 870 630 1,500 $3.310 $1,820 5,130 All variable manufacturing and direct foxxed costs will be eliminated if CISCO is purchased. Allocated costs will not be eliminated if CISCO is purchased. So if CISCO is purchased, the foxed manufacturing costs allocated to CISCO will have to be absorbed by other production departments 4. The lowest quotation for 8,000 CISCO units from a supplier is $77,520. 5. If CISCO units are purchased, freight and inspection costs would be 50.34 per unit, and receiving costs totaling $1.300 per year would be incurred by the Machining Department. (a) Prepare an incremental analysis for CISCO. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Make CISCO Buy CISCO Direct material Direct labor Indirect labor Utilities Depreciation Property tas Insurance Purchase price Freight and Inspection Fecalving costs Tosal anal co Net Income Increase (Decrease) (b) Based on your analysis, what decision should management make The company should (c) Would the decision be different if Sheridan Company has the opportunity to produce $3,000 of net Income with the facilities currently being used to manufacture CISCO