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Dae 21 1 (1o markaj Distinguish between operating income a and net income 2 (20 marks) Ear etal Products reported bhe foilowing compones costs for

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Dae 21 1 (1o markaj Distinguish between operating income a and net income 2 (20 marks) Ear etal Products reported bhe foilowing compones costs for Ape 29 in thousandsj Direct manufacturing labor salaries Manufacturing overhead Fringe benefits on direct manufacturing labor Production setup Other manufacturing overhead 60 240 Please note that Subcontracting Costs are treated as a direct cost item separate from drect materials Compute (plerime.costs and (bl the.conversion costs of EBY Metal Products using the cos classifications descrbed above. (422 t Direct.labe -loo

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