Which would result in a decrease in the elasticity of demand for a particular resource? A decrease in the rate at which the marginal product of that resource declines A decrease in the percentage of the firm's total costs accounted for by the resource An increase in the substitutability of other resources for the particular resource An increase in the elasticity of demand for the product that the resource helps to produce

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.)