Labco scientific sells high-purity chemicals to universities, research laboratories, and pharmaceutical companies. the company wants to invest in new equipment that will reduce shipping costs by better matching the size of the completed products with the size of the shipping container. the new equipment is estimated to cost $340,000 to purchase and install. how much must labco save each year for 6 years in order to justify the investment at an interest rate of 12% per year?

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.)