Anchor co. owns 40% of main co.’s common stock outstanding and 75% of main’s noncumulative preferred stock outstanding. anchor exercises significant influence over main’s operations. during the current period, main declared dividends of $200,000 on its common stock and $100,000 on its noncumulative preferred stock. what amount of dividend income should anchor report on its income statement for the current period related to its investment in main?
a. 75,000
b. 80,000
c. 200,000
d. 225,000

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