Question: If possible, please include explanations! Background Stella Strummer started a company that sells hand-crafted guitars made from carefully curated woods, offering musicians a rich sound

 If possible, please include explanations! Background Stella Strummer started a company

If possible, please include explanations!

Background Stella Strummer started a company that sells hand-crafted guitars made from carefully curated woods, offering musicians a rich sound that's highly valued. The business called Strummer - employs a pair of skilled guitar builders, call luthiers. They're paid $350 for each guitar they build (seven hours, $50/hour). Each guitar consists of wood, strings, hardware and adhesive - simple materials, but a complex process. End of Year 1 Selling price = $850 (to the wholesaler) Quantity sold = 577 guitars Total costs: Lease = $36,000 Utilities = $12,600 Insurance = $8,300 Salaries = $131,500 Mktg & sales = $27,200 Wood = $54,815 Strings = $5,770 Hardware = $7,501 Adhesive = $1,154 Mfg labor = $201,950 1. What were the following figures for Year 1? (4 points) A. Revenue. B. Total fixed costs. C. Total variable costs. D. Profit

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