Justify your answer with detailed calculations (i.e. complete the table calculations for the cost scenarios leading up tk the price, presented by supply analyst 1 and supply analyst 2, and then based on that, justify your choice).

2) The cost breakdown details submitted by Rane Machine Works, a supplier for Caravan Engineering, is reproduced in the table given below. Cost Elements Rane Machine Works (amounts in $) 8.00 8.00 Material Direct Labor Fixed Overhead (@ 150% of direct labor) Manufacturing Cost (material + direct labor + fixed overhead) General & Administrative Overhead (@ 10% of manufacturing cost) Total Cost (manufacturing cost + general & administrative overhead) Profit (@ 10% of Total Cost) Price (total cost + profit) The supply manager at Caravan Engineering has asked two of his supply analysts to estimate the cost details and the cost breakdown given by Rane Machine Works. Supply analyst 1 estimates what the supplier costs should be (using a "should-cost" model), and after analysis, recommends that the supply manager bargain for a price that is based on a 25% reduction in the direct labor cost. Supply analyst 2 takes and estimates the supplier costs as given, and after analysis, recommends that the supply manager bargain for a price that is based on a 25% reduction in the profit. Should the supply manager accept the recommendations of supply analyst 1 or supply analyst 2