Which of the following statements is true? Group of answer choices Productive inefficiency implies that it is possible to produce more of one good and no less of another, but only if additional resources are made available. Productive efficiency implies that it is possible to produce more of one good and no less of another, even without additional resources. Productive inefficiency implies that it is impossible to produce more of one good and no less of another. Productive inefficiency implies that it is possible to produce more of one good and no less of another, even without additional resources.

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.)