Michael Paints Has Two Processes-Coloring Department and Mixing Department

question 3

Essay

Michael Paints has two processes-Coloring Department and Mixing Department. Michael sold 450 gallons on account at $110 per gallon. The total cost of processing was $385,000 for 5,500 gallons of paint. Throughout the year, Michael used a predetermined overhead allocation rate to allocate $80,000 and $90,000 of indirect costs to the Coloring Department and Mixing Department, respectively. The actual overhead costs incurred amounted to $150,000 at the end of the year. What are the journal entries to record the sale of goods and the adjustment for over/underallocated manufacturing overhead at the end of the year if Michael follows a process costing system?

Describe the skeletal and muscular mechanisms involved in extending and contracting limbs

Understand the production and role of ATP in muscular activity

Identify key bones and components of the human skeletal system

Distinguish between different types of skeletal muscle fibers and their roles in movement and posture