Fill in the Missing Data for Company C

question 90

Short Answer

Fill in the missing data for Company C:
$\begin{array}{|l|r|}\hline & \text { Company C } \\\hline \text { Direct materials used } & \$ 6,000 \\\hline \text { Direct labor cost } & \text { (a) } \\\hline \text { Overhead } & 7,000 \\\hline \text { Total manufacturing costs } & 18,000 \\\hline \text { Work in process inventory, Jan. } 1 & 2,000 \\\hline \text { Work in process inventory, Dec. } 31 & \text { (b) } \\\hline \text { Sales revenue } & 30,000 \\\hline \text { Finished goods inventory, Jan. } 1 & 7,000 \\\hline \text { Cost of goods manufactured } & \text { (c) } \\\hline \text { Cost of goods available for sale } &23,000 \\\hline \text { Finished goods inventory, Dec. } 31 & \text { (d) }\\\hline \text { Cost of goods sold } & 18,000 \\\hline \text { Gross margin } & \text { (e) } \\\hline \text { Operating expenses } & \text { (f) } \\\hline \text { Operating income } & 3,000 \\\hline\end{array}$

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Definitions:

Team Building Activities

Structured exercises or actions designed to enhance social relations and define roles within teams, often involving collaborative tasks to improve team performance and cohesion.

Role Negotiations

The process through which employees and employers come to mutual agreements about job duties and responsibilities.

Type A Behavior

Refers to a personality pattern characterized by high levels of competitiveness, aggressiveness, impatience, and a constant sense of urgency.

Dysfunctional Turnover

The loss of productive employees who voluntarily leave an organization, negatively affecting its performance.