Please show specific hand calculations.

3.) REQUIRED REVISED PROBLEM 7.1 on page 301. (10 points) (NOTE: This is similar to ORIGINAL Cost-Volume Analysis Problem 7,1 done in class.] (a.) DO BY HAND below REVISED lecture Problem 7.1 on page 301 of Heizer and Render using INSTEAD production of 300,000 gear housings & the values INSTEAD in the below table. GPE FMS DM Annual contracted units 300,000 300,000 300,000 Annual fixed cost $400,000 $500,000 $200,000 Per unit variable cost $14.00 $13.00 $15.00 Indicate which process is best and why for this contract using the above table values? (6.) Using POM software use above REVISED Problem 7.1 on page 301 and compare your answers. Provide printout of your output using POM software with YOUR NAME & "Revised Problem 7.1" in Title Bar. 7.1 Borges Machine Shop, Inc., has a 1-year contract for the production of 200,000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but Which process is best for this contract? PX efficient, dedicated machine (DM). The cost data follow: GENERAL PURPOSE FLEXIBLE DEDICATED EQUIPMENT MANUFACTURING MACHINE Use REVISED Numbers (GPE) SYSTEM (HMS) (DM) Annual contracted 200.000 200,000 200,000 units Annual fixed cost $100,000 $200.000 $500.000 Per unit variable cost $ 15.00 $ 1400 $13.00 . in A Bove Table