In the portfolio matrix, characteristics of goods and services in the leverage quadrant are: group of answer choices competitive supply market, substitution is possible, price per unit is important. competitive supply market, substitution is possible, and total cost is a primary focus. few suppliers with adequate capability so substitution and switching are difficult. item substitution is possible, switching is difficult, and many suppliers are available. item substitution and supplier switching are possible, but few suppliers are capable.

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.)