The management of Wildhorse Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called WISCO, is a component of the company's nished product. The following information was collected from the accounting records and production data for the year ending December 31, 2022: 1. The machining department produced 7,600 units of WISCO during the year. 2. Variable manufacturing costs applicable to the production of each WISCO unit were direct materials $4.80. direct labour $5.00. indirect labour $0.43. and utilities $0.32. 3. Fixed manufacturing costs applicable to the production of WISCO were as follows: Cost Item Direct Allocated Total Depreciation $2,000 $900 $2,900 Property taxes 530 165 695 Insurance 945 590 1,535 $3.475 $1,655 $5,130 The company will eliminate all variable manufacturing and direct xed costs if it purchases WISCO. Allocated costs will have to be absorbed by other production departments. So ileSCO is purchased, the xed manufacturing costs allocated to WISCO will have to be absorbed by other production departments. 4. The lowest quotation for 7,600 WISCO units from a supplier is $80,180. 5. lleSCO units are purchased, freight and inspection costs would be $0.42 per unit, and the machining department would incur receiving costs totalling $1,290 per year. Prepare an incremental analysis for WISCO. (If an amount reduces the net income then enter with a negative sign preceding the number, e.g.-15,000 or parenthesis, e.g. (15,000). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.)Would the decision be different if Wildhorse had the opportunity to produce $3,200 of net income with the facilities currently being used to manufacture WISCO? (If an amount reduces the net income then enter with a negative sign preceding the number, e.g.-15,000 or parenthesis, e.g. (15,000).) v . Net income will be v by $ Net Income Make Wisco Buy Wisco Increase (Decrease) Total annual cost $ $ Opportunity cost Total cost $ $