Fill in the Missing Data for Company B

question 147

Short Answer

Fill in the missing data for Company B:
$\begin{array}{|l|r|}\hline&\text { Company B }\\\hline \text { Direct materials used } & \$ 9,000 \\\hline \text { Direct labor cost } & 4,000 \\\hline \text { Overhead } & \text { (a) } \\\hline \text { Total manufacturing costs } & 25,000 \\\hline \text { Work in process inventory, Jan. 1 } & 1,000 \\\hline \text { Work in process inventory, Dec. } 31 & 3,500 \\\hline \text { Sales revenue } & 40,000\\\hline \text { Finished goods inventory, Jan. } 1 & \text { (b) } \\\hline \text { Cost of goods manufactured } & \text { (c) } \\\hline \text { Cost of goods available for sale } & \text { (d) } \\\hline \text { Finished goods inventory, Dec. } 31 & 4,000 \\\hline \text { Cost of goods sold } & 26.500\\\hline \text { Gross margin } & \text { (e) } \\\hline \text { Operating expenses } & \text { (f) } \\\hline \text { Net operating income } &5,500\\\hline\end{array}$

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Definitions:

Skills Inventories

Comprehensive databases or lists that track the skills, qualifications, and expertise of an organization's employees, used for planning, recruitment, and development purposes.

HR Forecasting

The process used by human resources to predict the organization's future labor requirements based on various business scenarios.

Demand Requirements

The specific needs and quantities of products or services required by the market at any given time.

Organizational Goals

The strategic objectives that a company aims to achieve, which guide its operations and are intended to ensure long-term sustainability and success.