1) What are three different types of inventory that manufacturing companies hold? a. Variable, fixed, and overhead b. Production, retail, and merchandising c. Direct materials, direct labour, and overhead d. Raw materials, work-in-process, and finished goods 3 4 2) If contribution margin is $140,000, sales is $300,000, and net income is $40,000, then variable and fixed expenses are 5 a. Variable $160,000; Fixed $260,000 6 b. Variable $160,000; Fixed $100,000 7 c. Variable $440,000; Fixed $260,000 8 d. Variable $100,000; Fixed $160,000 .9