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Problem 1 - Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. On March 1, Morning Smiles had $25,000 of materials in inventory. During the month of March, the company purchased $350,000 of materials. On March 31, materials inventory equaled $40,000. Calculate the direct materials used in production for the month of March.
Problem 2 - Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. During the month of March, the company purchased $350,000 of materials. Also during the month of March, Morning Smiles incurred direct labor cost of $74,000 and manufacturing overhead of $190,000. Inventory information is as follows: Calculate the cost of goods manufactured for the month of June.
Prepare a multiple-step income statement and a retained earnings statement for the year and a classified balance sheet as of November 30, 2002.
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Dealing With Mgt Handling Without question, management can NOT use results as a 'club' to penalize departments. All too often, this happens and it's hard
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Unfortunately, it seems that it won't be possible to sell more than 600 cups per month. Which price would be required to break even under this condition?
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