The following information was collected from the accounting records and production data for the year ending December 31,2020. 1.8000 units of CISCO were produced in the Machining Department. 2. Variable manufacturing costs applicable to the production of each CISCO unit were direct materials $4.97, direct labor $4.34, indirect labor $0.42, utilities $0.36 3. Fixed manufacturing costs applicable to the production of CISCO were Depreciation $2100 Property taxes Insurance Cost Item Direct Allocated $880 430 630 $3610 $1940 550 960 All variable manufacturing and direct fixed costs will be eliminated if CISCO is purchased. Allocated costs will not be eliminated if CISCO is purchased. So if CISCO is purchased, the fixed manufacturing costs allocated to CISCO will have to be absorbed by other production departments. 4. The lowest quotation for 8000 CISCO units from a supplier is $81570. 5. If CISCO units are purchased, freight and inspection costs would be $0.37 per unit, and receiving costs totaling $1300 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 e.g.-45 or parentheses eg. (45).) Net Income Increase Decrease) Make CISCO Buy CISCO Direct material Direct labor Indirect labor Utilities Depreciation Property taxes Insurance Purchase price Freight and inspection Receiving costs Total annual cost