Question C.1 (12 Marks) Define relevant costs. Why are historical costs irrelevant? a. b. Distinguish between quantitative and qualitative factors in decision making. Why are qualitative factors important in decision making? Sunny Inc. produces 40 000 MP3 Players each month. The market price per MP3 Player is S40. The following data is relevant to MP3 Players' production and sales in November 2018: c. Direct material costs S389 870 Direct labor costs S265 900 Variable manufacturing overhead costs S224 230 $3.40 Variable operating cost per MP3 Player Fixed manufacturing costs per MP3 Player $6.8 Fixed marketing and administrative costs $98 000 Sunny Inc. has a monthly production capacity of 50 000 MP3 Players. Fast Electronics offered to buy 8 000 MP3 Players, one-time-only special-order, from Sunny Inc. at $25 each. Required: Show the comparative Contribution Income Statements for November 2018-Operating profit without special order and 'Operating profit with the special order'. On the basis of financial considerations alone, should Sunny Inc. accept the one-time-only special-order from Fast Electronics