Solve the Problem

question 166

Multiple Choice

Solve the problem. Round to the nearest tenth of a percent.
-What percent of 109 is 16.9?

• A) 0.1%
• B) 0.2%
• C) 15.5%
• D) 645.0%

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Definitions:

Break-even Sales

The amount of revenue needed to cover total costs, at which point a business neither makes a profit nor incurs a loss.

Overall

Pertaining to the total, aggregate, or general effect, situation, or assessment.

Absorption Costing

In this accounting method, the complete cost of manufacturing a product, taking into account direct materials, direct labor, along with variable and fixed overheads, is included in the product's price.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product cost calculations, excluding fixed overhead.