Zion Manufacturing had always made its components in-house. However, Bryce Component Works had recently offered to supply one component, Kz, at a price of 312 each. Zich uset 4,400 units of Component kz each year. The cost per unit of this component is as follows: The fixed overhoad is an allocated expense, none of it would be eiminated if production of Component k2 stopped. Required: 1. What are the aiternatives tacing Zion Manufacturing with respect to production of Component kz? 2. List the relevant costs for each altemative. If required, round your answers to the nearert cent, The fixed overhead is an allocated expense; none of it would be eliminated if production of Component K2 stopped. Required: 1. What are the alternatives facing Zion Manufacturing with respect to production of Component K2? 2. List the relevant costs for each alternative. If required, round your answers to the nearest cent. If Zion decides to purchase the component from Bryce, by how much will operating income increase or decrease? 3. Conceptual Connection: Which alternative is better