1. A company expected its annual overhead costs to be $2600000 and direct labor costs to be $1000000. Actual overhead was $2550000, and actual labor costs totaled $1100000. How much is the company’s predetermined overhead rate to the nearest cent?

$2.36

$2.60

$2.32

$2.55

2. For an investor to consistently "beat the market":

A. the market would have to be inefficient.

B. the market would have to be in a period of excessive volatility.

C. th market would have to be relatively stable.

D. he or she would have to do excessive research.

E. he or she would have to do excessive tradin