Which of the followings is/are correct? a. Patents and copyrights are included with the firm's fixed assets on the balance sheet.
b. Patents and copyrights are included with the firm's cost of goods sold on the income statement.
c. Patents and copyrights are included with the firm's intangible assets on the balance sheet.
d. Patents and copyrights are included with the firm's long-term liabilities on the balance sheet.

At the beginning of the accounting period, nutrition incorporated estimated that total fixed overhead cost would be $50,600 and that sales volume would be 10,000 units. at the end of the accounting period actual fixed overhead was $56,100 and actual sales volume was 11,000 units. nutrition uses a predetermined overhead rate and a cost plus pricing model to establish its sales price. based on this information the overhead spending variance is multiple choice $5,500 favorable. $440 favorable. $5,500 unfavorable. $440 unfavorable.

Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?