The hickory cabinet and furniture company makes chairs. the fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. price is related to demand, according to the following linear equation: v = 400 − 1.2p develop the nonlinear profit function for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month. 5. graphically illustrate the profit curve developed in problem 4. indicate the optimal price and the maximum profit per month.

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.)