**PLEASE SHOW WORKING NOTES (calculations) to compare my notes. TY!

McGraw Company uses 6,000 units of Part X each year as a component in the assembly of one of its products. The company is presently producing Part X internally at a total cost of $120,000, computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost $ 25,000 35,000 12,000 48,000 $120,000 An outside supplier has offered to provide Part X at a price of $17 per unit. If McGraw Company stops producing the part internally, one-third of the fixed manufacturing overhead would be eliminated. In addition, if McGraw Company accepts this offer, the facilities now being used to manufacture Part X could be rented to another company at an annual rental of $12,000. Assume that direct labor is a variable cost. Required: Determine the annual amount of financial advantage or disadvantage for the company of accepting the outside supplier's offer of 6,000 units at $17 per unit