The management of Crane Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside wupplier. The part, called CISCO, is a component of the company's finished product, 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 $5.00, direct labor 54 35, indirect labor 50.40, utilities 50:39. 3. Fived manufacturing costs applicable to the production of CISCO were Direct Allocated Total Cost Item Depreciation $1,900 5930 $2.830 Property taxes 560 290 asa Insurance 950 590 1.540 $3.410 $1810 5220 All variable manufacturing and directed conts will be eliminated CISCO is purchased. Allocated costs will not be eliminatedir CISCO is purchased. So if CISCO is purchased, the bed manufacturing costs located to CISCO wave to be absorbed by other production department 4. The lowest quotation for 8.000 CISCO is from a supole is $81.590 5. CISCO units are purchased freight and inspection costs would be $034 punt, and receiving costs totaling $1.290 per year would be incurred by the Machining Department tal Prepare an incremental analysis for Cisco Enter negotive amounts using either a negative in preceding the numbers-15 . 23 Question 2 of 2 12,86/50 Net Income Increase (Decrease) Make CISCO Buy CISCO Direct material 12640 12640 Direct labor 33496 33496 Indirect labor 3476 3476 Utilities 3002 Depreciation 1300 Property taxes 370 417 Insurance 71100 Purchase price 1580 Freight and inspection 1340 Receiving costs $ $ $ Total annual cost