Assume that abby, ben, and clara are the only citizens in a community. a proposed public good has a total cost of $1,000. all three citizens will share an equal portion of this cost in taxes. the benefit of the public good is $400 each to abby, ben, and clara. based on economic analysis, the public good should: a. be produced, because the benefits are greater than the costs b. not be produced, because the costs are greater than the benefits c. be put to a vote, and produced only if voters approve it d. not be produced, even if voters vote in favor of it.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)