Reference no: EM132813827

problem 1: Which of the following is most likely to be a fixed cost?

Option 1: Cost of wheels for a lawn mower manufacturer

Option 2: Supplies used by the housekeeping staff that cleans hotel rooms

Option 3: Rent on a factory building

Option 4: Cost of labor for cashiers at a retail store

problem 2: Cost of goods sold in 2017 for Reno Parts Company totaled $4,530,000. If the gross margin percentage is 56%, how much are sales?

Option 1: None of these answer choices are correct.

Option 2: $8,089,286

Option 3: $7,066,800

Option 4: $10,295,454