Wash Corporation currently makes the nylon mooring cover for main product, anbergass boat designed for tournament bass fishing. The costs of producing the 7,000 covers needed each year follow: Nylon fabric $320,000 Wood battens 54000 Brass fittings 32.000 Direct labor 125,000 Variable manufacturing overhead ,000 Fixed manufacturing overhead 170,000 Calvin Company, a specialty fabricator of synthetic materials can make the needed covers of comparable quality for $290 each, F.O.B. shipping point Walsh would furnish its own trademark insignia at a unit cost of $20. Transportation in would be $15 per unit paid by Walsh Corporation Walsh's chief accountant has prepared a cost analysis that shows that only 30of fixed overhead could be avoided if the covers are purchased. The covers have been made in a remote section of Walsh's factory building using equipment for which no alternate use is apparent in the foreseeable future. 3. Prepare a differential analysis showing whether or not you would recommend that the mooring covers be purchased from Calvin Company If appropriate, use a negative sign with your answer to represent a net disadvantage answer. Do not use negative signs with any other answers, Make or Buy Differential Analysis Cost to purchase overs: 650.000 Costs avoided by purchasingcovers Direct materials 416,000 Direct labor 125.000 Variable manufacturing overhead 56.000 Fixed manufacturing overhead 51.000 691.000 5 Net advantage disadvantage to purchase alternative S b. Assuming that the production capacity released by purchasing the covers could be devoted to a subcontracting job for another company that netted a contribution margin of $64,000, what maximum purchase price could Walsh pay for the covers? Round answer to two decimal places, if applicable