Question: Homework: MyStatLab Problem Set 1 Question 4, 1.5.5 Part 1 of 3 HW Score: 60%, 18 of 30 points @ Points: 0 of 6 Save

Homework: MyStatLab Problem Set 1 Question 4, 1.5.5 Part 1 of 3 HW Score: 60%, 18 of 30 points @ Points: 0 of 6 Save ha supplier in Asia to Suppose that a manufacturer can produce a part for $8.00 with a fixed cost of $6,000 Alternately, the manufacturer could com purchase the part at a cost of $11.00, which includes transportation a. If the anticipated production volume is 1,100 units, compute the total cost of manufacturing and the total cost of outsourcing b. What is the best decision? a. The total cost of manufacturing is $ (Simplify your answer.)

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