Satellite systems modified its model z2 satellite to incorporate a new communication device. the company made the following expenditures: basic research to develop the technology $3,900,000 engineering design work 1,180,000 development of a prototype device 590,000 testing and modification of the prototype 390,000 legal fees for patent application 79,000 legal fees for successful defense of the new patent 39,000 total $6,178,000during your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the patent. management contends that the device represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized.4.value: 1.92 pointsrequired informationrequired: 1. determine the amount satellite systems should capitalize to the patent account in the balance sheet. hintsreferencesebook & resourceshint #1check my work5.value: 1.92 pointsrequired information2. determine the amount satellite systems should report as research and development expense in the income statement. hintsreferencesebook & resourceshint #1

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration