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Ledfords is a chain of home improvement stores. Suppose Ledfords is trying to decide whether to produce its own line of Formica countertops, cabinets, and picnic tables. Assume Ledfords would incur the following unit costs in producing its own product lines: 1. Are the following items relevant or irrelevant in Ledfords' decision to use its plant to manufacture its own products? a. The unit sales prices of the countertops, cabinets, and picnic tables (the sales prices that Ledfords charges its customers) b. The prices outside suppliers would charge Ledfords for the three products if Ledfords decides to outsource the products rather than make them c. The direct materials, direct labor, and variable overhead Ledfords make them c. The direct materials, direct labor, and variable overhead Ledfords would incur to manufacture the three product lines d. The president's salary 2. Determine whether Ledfords should make or outsource the countertops, cabinets, and picnic tables. In other words, what is the annual difference in operating income if Ledfords decides to make, rather than outsource, each of these three products? 3. Write a memo giving your recommendation to Ledfords' president. The memo should clearly state your recommendation, along with a brief summary of the reasons for your recommendation. Iristructlons: Requirenents fer glien bat wit manfoctire la even probuch? 4. The providerfasaiay 8. Requirement 1 Requirement 2 Requirement 3