Zang Co Manufactures Its Products in a Continuous Process Involving Two

question 99

Essay

Zang Co. manufactures its products in a continuous process involving two departments, Machining and Assembly. Prepare journal entries to record the following transactions related to production during June:

(a)Materials purchased on account, $180,000.
(b)Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials.
(c)Direct labor used by Machining, $23,000; Assembly, $47,000.
(d)Depreciation expenses: Machining, $4,500; Assembly, $7,800.
(e)Factory overhead applied: Machining, $9,700; Assembly, $11,300.
(f)Machining Department transferred $98,300 to Assembly Department; Assembly Department transferred $83,400 to finished goods.
(g)Sold goods on account, $100,000; cost of goods sold, $68,000.

Apply combinatorial methods to solve probability problems.

Develop critical thinking through the application of probability to decision-making.

Understand the differences between direct quotations, paraphrasing, and summarizing.

Recognize and avoid plagiarism by properly citing sources.

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Definitions:

Twisted-pair

A type of cabling that consists of pairs of insulated wires twisted together, commonly used for telecommunication and network connections.

Cable Medium

A type of physical transmission medium that uses cables, such as coaxial or fiber optic, to transmit data.

Coaxial Cable

A type of electrical cable consisting of a central conductor surrounded by an insulating layer and an outer conducting shield, used for transmitting television, telephone, and internet signals.

High Bandwidth

The ability of a communication system to transmit a large amount of data over a connection in a given amount of time, often associated with high-speed internet access.