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Maple Garden Products (MGP) currently purchases BBQ sauce from an external supplier but is thinking about bringing it in-house. Currently, MGP acquires 500 barrels (100,000 gallons) of BBQ sauce on a monthly basis. Each barrel of BBQ sauce cost $64 per barrel. Transportation costs were paid by MGP and were $8 per barrel. MGP runs production 24 hours a day for five days a week (each day has three separate eight-hour shifts).
The average worker wage was $20/per HR. Workers take an average of 10 minutes to handle each barrel (including sanitation, adding other components, etc.). Additional procurement costs (including overhead) were $0.02 per gallon.
If MGP were to instead produce the product internally, the following would occur:
Based on the previous factors, should MGP make or buy this product? Calculate and compare the cost to make vs the cost to buy to help make your decision. Also consider qualitative factors in your analysis.
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