E 7 B C D E F H 4 11 5 2 12 6 3 13 7 4 14 8 5 15 9 6 16 10 17 11 8 18 12 9 19 13 10 20 14 15 16 1) What are three different types of inverory that manufacturing companies hold? 17 18 a. Variable, fixed, and overhead 19 b. Production, retail, and merchandising 20 . Direct materials, direct labour, and overhead 21 d. Raw materials, work-in-process, and finished goods 22 23 24 2) if contribution margin is $140,000, sales is $300,000, and net income is $40,000, then variable and fixed expenses are 25 a. Variable $160,000; Fixed $260,000 26 b. Variable $160,000; Fixed $100,000 27 Variable $440,000; Fixed $260,000 28 d. Variable $100,000; Fixed $160,000 29 30 31 32 3) For Wickham Co., sales is $3,000,000, fixed expenses are $900,000, and the contribution margin ratio is 36%. What is 33 required sales in dollars to earn a target operating income of $600,000? 34 a. 51,666,667 35 b. $4,166,667 36 c. $8.333,333 37 d. $2.500,000 38 Multiple Choice 01 Il Type here to search