Springer company had three intangible assets at the end of 2020 (end of the accounting year): a. a copyright purchased on january 1, 2020, for a cash cost of $14,500. the copyright is expected to have a 10-year useful life to springer. b. goodwill of $65,000 from the purchase of the hartford company on july 1, 2019. c. a patent purchased on january 1, 2019, for $48,000. the inventor had registered the patent with the u. s. patent and trademark office on january 1, 2015. springer intends to use the patent for its remaining life. required: 1. compute the amortization expense of each intangible for the year ended december 31, 2020. the company does not use contra-accounts. 2a. show how the expenses related to the three intangible assets should be reported on the income statement for 2020. 2b. show how the three intangible assets should be reported on the balance sheet for 2020. (assume there has been no impairment of goodwill.)

Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?