Part A Diamond Light Company incurred the following costs to produce 25,000 light switches for floor lamps in 2015. Direct materials $ 50,000 Direct labour 75,000 Variable manufacturing overhead 40,000 Fixed manufacturing overhead 60,000 Total manufacturing costs $225,000 The Ignition Company has offered to supply the switches for $8 per unit. An analysis of the overhead costs has identified that if the switches are outsourced, Diamond Light Company would eliminate $10,000 of fixed costs, and could use the released production capacity to generate additional income of $28,000 from producing a different product. Required: a) From a financial perspective, should the light switches be outsourced? Show calculations. (3 marks) b) Explain two qualitative factors that need to be considered in the outsourcing decision