Number 2 pencils at campus bookstore are sold at a fairly steady rate of 60 per week. The pencils cost the book store 2 cents each and sell for 15cents each. It costs the bookstore $12 to initiate an order, and holding costs are based on an annual interest rate of 25%. a. Determine the optimal order quantity minimizing the annual cost and the optimal order quantity minimizing the weekly cost. Compare and analyze these two order quantities. b. Computes average inventory (I) and average inventory flow time (T). c. The store’s inventory flow time will increase (or decrease) as the annual demand R increases. Explain why?

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.)