please provide correct answer of this General accounting question SoundBox is a direct seller of digital music players. Thefollowing information about its revenue and cost structureis available:Selling Price: $25.00 per player Variable Costs:• Production: $6.00 per playerSelling and Administration: $2.00 per playerFixed Costs:Production: $800,000 per yearSelling and Administration: $2,400,000 per yearIf 200,000 players are produced and 180,000 are sold in2024, what is the income under Full Costing?A. $100,000B. $300,000C. $500,000D. $700,000

Step 1: Define Full Costing (Absorption Costing)Full Costing (or Absorption Costing) is a costing…

Answered: SoundBox is a direct seller of digital…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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