Strong-form efficiency implies that mutual fund managers should Group of answer choices buy the index that maximizes diversification and minimizes the cost of managing portfolios. actively seek underperforming stocks and buy them. generally earn superior returns each year. attempt to earn superior returns by using technical analysis.

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to: