Question: Question 5 (1 point) Before these materials are used to manufacture its cars, Toyota Motor Corporation classifies steel, glass, and plastic as Q raw materials

Question 5 (1 point) Before these materials are used to manufacture its cars, Toyota Motor Corporation classifies steel, glass, and plastic as Q raw materials inventory. 0 finished goods inventory. 0 work in process inventory. 0 merchandise inventory. HUESLIUH I U. pOInt} An example of a fixed cost for a manufacturer would be which of the following? 0 Sales commissions 0 Salary of plant manager 0 Direct materials 0 Delivery costs Question 8 (1 point) Which of the following is a characteristic of a service company? 0 Service companies make a product. 0 Service companies have a single category of inventory. 0 Service companies generally have no tangible products to sell. 0 Service companies transform raw materials into finished goods. Question 9 (1 point) Which of the following are merchandising companies? 0 Manufacturers 0 Retailers 0 Wholesalers 0 Both retailers and wholesalers Question 10 (1 point) Period costs are 0 always recorded as an expense. 0 always considered part of the inventory. 0 expensed only when the inventory is sold. 0 none of the above

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