2. Which if the following is not an example of a fixed cost? a. Machinery b. Factories c. Labor d. Land b X 3. The CVP analysis focuses on the relationship between a firm's: a. Profit, volume of sales, and cost of sales. b. Profit, volume of production, and cost of production. c. Profit, volume of production, and cost of labor d. Profit, volume of raw materials used, and cost of production. a X