A basis point equals
A. one hundredth of a percentage point.
B. one tenth of a percentage point.
C. one half of a percentage point.
D. ten percentage points.
Answer: A
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The data below relate to the month of April for Monroe, Inc, which uses a standard cost system and a two-variance analysis of factory overhead: Actual hours used 16,500 Standard hours allowed for good output 16,250 Actual total overhead $53,200 Budgeted fixed costs $12,000 Budgeted activity in hours 16,000 Total overhead application rate per standard direct labor hour $ 3.25 Variable overhead
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Which of the following numbering systems is recommended when incorporating graphs, pictures, and tables into a written report?
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