Alarge manufacturing firm made two significant acquisitions around the close of 2016 (assume a calendar fiscal year). the first was to purchase all the outstanding voting stock of pernod, inc. in december 2016. the second was to purchase 40% of the outstanding voting stock of weynod, inc. in january 2017. the manufacturing firm's 2016 financial statements were issued in february 2017. choose the correct statement regarding the accounting for these acquisitions in the 2016 financial statements of the manufacturing firm. pernod weynod a. consolidated described in the footnotes only b. described in the footnotes only described in the footnotes only c. consolidated apply equity method d. apply equity method apply equity method

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 20,000 fixed overhead cost $ 350,000 variable 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 $ 590 direct labor cost $ 109 direct labor-hours used 6