The liability of the pension plan equals the
a. future value of the expected amounts payable to employees.
b. present value of the expected amounts payable to employees.
c. expected future amounts payable to employees.
d. current amounts payable to employees during the next year or operating cycle.
e. employees' current benefits.
B
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The straight-line method of amortizing a bond premium or discount provides for amortizing an equal amount each time period
a. True b. False Indicate whether the statement is true or false
Greenleaf’s theory of servant leadership ______.
A. says leaders should be concerned with society's “have-nots” B. was based on studies of university professors and students C. requires a strict delineation of servant–leader roles D. was influenced by the writings of Ronald Heifetz
Tiger, Inc. budgeted the following overhead costs for the current year assuming operations at 80% of capacity, or 40,000 units:Total variable overhead …………….$240,000Total fixed overhead ………………. 560,000Total overhead …………………….$800,000The standard cost per unit when operating at this same 80% capacity level is:Direct materials (5 lbs. @ $4/1b.) …………$20.00Direct labor (2 hrs. @ $8.75 hr.) ………….17.50Variable overhead (2 hrs. @ $3/hr.) …………6.00Fixed overhead (2 hrs. @ $7/hr.) …………. 14.00Total cost per unit ………………………….$57.50The actual production achieved in the current year was 60% of capacity, or 30,000 units. The actual costs were:Direct materials (150,350 lbs.) ………….$616,435Direct labor
(59,800 hrs.) ……………….520,260Variable overhead ………….……………192,000Fixed overhead ………….………….…...552,000 Calculate the following variances and indicate whether each is favorable or unfavorable.Direct materials:? Price variance Quantity variance Direct labor:? Rate variance Efficiency variance Variable overhead:? Spending variance Efficiency variance Fixed overhead:? Spending variance Volume variance What will be an ideal response?
Reviewing before a test will help you ____ your score
A) rise B) raise